ESG Planning Takes $243,000 Position in Netflix, Inc. (NASDAQ:NFLX)

ESG Planning acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 500 shares of the Internet television network’s stock, valued at approximately $243,000. Netflix comprises approximately 0.3% of ESG Planning’s investment portfolio, making the stock its 16th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Authentikos Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter valued at $25,000. Spartan Planning & Wealth Management bought a new position in shares of Netflix in the third quarter valued at $26,000. Carmel Capital Partners LLC grew its stake in shares of Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after buying an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares during the period. Finally, Evermay Wealth Management LLC boosted its position in Netflix by 94.9% during the first quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after purchasing an additional 56 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the business’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 in the company, valued at $717,379.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Theodore A. Sarandos sold 68,957 shares of the business’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 in the company, valued at $717,379.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,335 shares of company stock worth $151,619,811. Insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a research report on Thursday, January 25th. Benchmark reaffirmed a “sell” rating and set a $440.00 price objective on shares of Netflix in a research report on Thursday. Pivotal Research lifted their price objective on shares of Netflix from $700.00 to $765.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Morgan Stanley lifted their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Oppenheimer lifted their price objective on shares of Netflix from $615.00 to $725.00 and gave the stock an “outperform” rating in a research report on Monday, March 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $614.75.

Netflix Price Performance

NASDAQ NFLX traded up $5.31 during trading on Thursday, hitting $619.00. 962,010 shares of the company’s stock were exchanged, compared to its average volume of 4,194,158. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The company has a market cap of $267.88 billion, a PE ratio of 51.01, a P/E/G ratio of 1.67 and a beta of 1.22. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The stock’s 50 day moving average price is $604.73 and its two-hundred day moving average price is $511.17.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. Research analysts expect that Netflix, Inc. will post 17.05 EPS for the current year.

Netflix 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.