Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Florida Financial Advisors LLC

Florida Financial Advisors LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 24.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,262 shares of the Internet television network’s stock after purchasing an additional 246 shares during the quarter. Florida Financial Advisors LLC’s holdings in Netflix were worth $1,125,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter worth approximately $25,000. Pathway Financial Advisers LLC boosted its holdings in Netflix by 82.4% in the fourth 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 period. Newton One Investments LLC bought a new stake in Netflix during the fourth quarter valued at $34,000. Pineridge Advisors LLC raised its holdings in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the period. Finally, FSA Wealth Management LLC bought a new position in shares of Netflix in the 3rd quarter worth about $38,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NFLX. Robert W. Baird increased their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and increased their price target for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Bank of America boosted their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Pivotal Research increased their target price on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, UBS Group reissued a “buy” rating on shares of Netflix in a report on Monday, March 10th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,016.78.

Netflix Trading Up 1.2 %

Netflix stock opened at $971.99 on Tuesday. The company has a 50 day moving average price of $961.71 and a 200 day moving average price of $861.09. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The firm has a market capitalization of $415.78 billion, a price-to-earnings ratio of 49.02, a P/E/G ratio of 2.12 and a beta of 1.38.

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

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock worth $279,142,041 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Company Profile

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.