Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. raised its position in Netflix, Inc. (NASDAQ:NFLX) by 6.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 602 shares of the Internet television network’s stock after acquiring an additional 38 shares during the period. Whitaker Myers Wealth Managers LTD.’s holdings in Netflix were worth $537,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. BNC Wealth Management LLC lifted its stake in shares of Netflix by 10.6% in the 4th quarter. BNC Wealth Management LLC now owns 3,232 shares of the Internet television network’s stock worth $2,881,000 after acquiring an additional 309 shares during the period. Sandy Cove Advisors LLC lifted its stake in shares of Netflix by 2.2% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,277 shares of the Internet television network’s stock valued at $1,138,000 after purchasing an additional 27 shares during the period. Wealth Alliance Advisory Group LLC lifted its stake in shares of Netflix by 2.8% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 885 shares of the Internet television network’s stock valued at $788,000 after purchasing an additional 24 shares during the period. Moss Adams Wealth Advisors LLC lifted its stake in shares of Netflix by 6.9% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,172 shares of the Internet television network’s stock valued at $1,045,000 after purchasing an additional 76 shares during the period. Finally, Kera Capital Partners Inc. acquired a new stake in shares of Netflix in the fourth quarter valued at about $370,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 1.9 %

Shares of NFLX stock opened at $858.10 on Friday. The stock has a market cap of $366.80 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a fifty-two week low of $476.06 and a fifty-two week high of $941.75. The firm’s 50 day moving average price is $884.58 and its two-hundred day moving average price is $758.48.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. On average, analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the subject of several recent analyst reports. Needham & Company LLC raised their price objective on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Canaccord Genuity Group raised their price objective on shares of Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Sanford C. Bernstein raised their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Rosenblatt Securities restated a “neutral” rating and set a $680.00 target price on shares of Netflix in a report on Thursday. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $845.06.

Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,198 shares of company stock valued at $127,616,898. Corporate 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.