Aaron Wealth Advisors LLC Raises Position in Netflix, Inc. (NASDAQ:NFLX)

Aaron Wealth Advisors LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,567 shares of the Internet television network’s stock after buying an additional 163 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Netflix were worth $2,288,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Resource Group lifted its holdings in shares of Netflix by 0.7% in the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after acquiring an additional 12 shares during the last quarter. Insight Wealth Strategies LLC raised its position in Netflix by 1.9% during the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after purchasing an additional 12 shares during the period. Sunflower Bank N.A. raised its position in Netflix by 2.1% during the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after purchasing an additional 12 shares during the period. New World Advisors LLC lifted its stake in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares during the last quarter. Finally, Trust Co. of Vermont boosted its holdings in shares of Netflix by 2.5% in the 4th quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network’s stock worth $508,000 after purchasing an additional 14 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NFLX. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Loop Capital decreased their price target on Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a research note on Thursday. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Piper Sandler lifted their target price on Netflix from $840.00 to $950.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group upped their price target on shares of Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix Trading Up 1.9 %

Shares of Netflix stock opened at $858.10 on Friday. Netflix, Inc. has a 1 year low of $476.06 and a 1 year high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The firm has a fifty day moving average price of $884.58 and a 200 day moving average price of $758.48.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Equities research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the sale, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at $1,960,579.80. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,198 shares of company stock worth $127,616,898. Company insiders own 1.76% of the company’s stock.

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.