KFA Private Wealth Group LLC Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

KFA Private Wealth Group LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 958 shares of the Internet television network’s stock after purchasing an additional 18 shares during the quarter. KFA Private Wealth Group LLC’s holdings in Netflix were worth $466,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NFLX. Authentikos Wealth Advisory LLC purchased a new stake in shares of Netflix in the third quarter valued at approximately $25,000. Spartan Planning & Wealth Management purchased a new position in Netflix during the third quarter valued at $26,000. Blue Bell Private Wealth Management LLC grew its position in shares of Netflix by 89.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares during the period. Carmel Capital Partners LLC increased its stake in shares of Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares in the last quarter. Finally, Pacifica Partners Inc. acquired a new position in shares of Netflix during the 4th quarter worth about $41,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research analyst reports. Benchmark reiterated a “sell” rating and issued a $440.00 price objective on shares of Netflix in a report on Thursday, April 18th. Rosenblatt Securities lowered their target price on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. The Goldman Sachs Group boosted their price target on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Citigroup increased their price objective on shares of Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Finally, Piper Sandler boosted their target price on Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $630.58.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 20,734 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $567.16, for a total transaction of $11,759,495.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Reed Hastings sold 20,734 shares of Netflix stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $567.16, for a total transaction of $11,759,495.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. Insiders have sold 154,573 shares of company stock worth $89,548,241 over the last three months. Insiders own 2.45% of the company’s stock.

Netflix Stock Down 0.6 %

Shares of NFLX traded down $3.57 during midday trading on Friday, reaching $561.23. The stock had a trading volume of 4,328,174 shares, compared to its average volume of 4,516,832. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. The company’s fifty day simple moving average is $604.54 and its two-hundred day simple moving average is $519.46. The company has a market cap of $241.83 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 1.36 and a beta of 1.22. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the prior year, the firm posted $2.88 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current year.

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.