Addison Advisors LLC Has $134,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Addison Advisors LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 276 shares of the Internet television network’s stock after purchasing an additional 20 shares during the quarter. Addison Advisors LLC’s holdings in Netflix were worth $134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Authentikos Wealth Advisory LLC acquired a new position in Netflix during the third quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new position in shares of Netflix during the third quarter worth $26,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares in the last quarter. Carmel Capital Partners LLC grew its position in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 58 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new position in Netflix in the 4th quarter worth about $41,000. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on NFLX. Piper Sandler raised their target price on Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Robert W. Baird boosted their price objective on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Wedbush reiterated an “outperform” rating and set a $725.00 target price on shares of Netflix in a research note on Friday, April 19th. Rosenblatt Securities cut their target price on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Trading Down 0.6 %

NASDAQ:NFLX traded down $3.57 during midday trading on Friday, hitting $561.23. 4,332,593 shares of the company traded hands, compared to its average volume of 4,190,527. The firm has a market capitalization of $241.83 billion, a P/E ratio of 38.95, a P/E/G ratio of 1.38 and a beta of 1.22. The firm’s fifty day moving average is $604.54 and its 200-day moving average is $519.46. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.88 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 18.13 EPS for the current year.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 20,734 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $567.16, for a total value of $11,759,495.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 20,734 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total value of $11,759,495.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,573 shares of company stock valued at $89,548,241. Corporate insiders own 2.45% 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.