Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 39.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,919 shares of the Internet television network’s stock after buying an additional 542 shares during the quarter. Pure Financial Advisors LLC’s holdings in Netflix were worth $1,710,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix during the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC acquired a new position in Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services purchased a new stake in Netflix in the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Benchmark boosted their target price on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Piper Sandler raised their target price on Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Pivotal Research upped their price target on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, TD Cowen raised their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $845.06.

Insider Buying and Selling

In other news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

NFLX stock opened at $858.10 on Tuesday. Netflix, Inc. has a 52-week low of $476.06 and a 52-week high of $941.75. The business has a fifty day moving average of $884.58 and a two-hundred day moving average of $759.58. 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 1.40 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.

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.