Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,084 shares of the Internet television network’s stock after purchasing an additional 68 shares during the period. Cordatus Wealth Management LLC’s holdings in Netflix were worth $2,749,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the 3rd quarter worth about $25,000. Pathway Financial Advisers LLC boosted its stake in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 14 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC acquired a new stake in shares of Netflix during the 4th quarter worth about $34,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the third quarter worth approximately $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NFLX has been the topic of several research analyst reports. Citigroup raised their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Bank of America raised their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. UBS Group raised their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Pivotal Research raised their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Trading Down 1.8 %

NFLX opened at $1,024.54 on Friday. The firm has a market capitalization of $438.26 billion, a P/E ratio of 51.67, a P/E/G ratio of 2.16 and a beta of 1.27. The firm’s 50 day moving average is $938.86 and its 200-day moving average is $815.63. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 earnings per share. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 303,220 shares of company stock worth $289,856,164. Insiders own 1.76% of the company’s stock.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.