Avantra Family Wealth Inc. Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Avantra Family Wealth Inc. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,077 shares of the Internet television network’s stock, valued at approximately $960,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Spire Wealth Management increased its stake in shares of Netflix by 8.9% in the fourth quarter. Spire Wealth Management now owns 22,116 shares of the Internet television network’s stock valued at $19,713,000 after buying an additional 1,808 shares during the period. Journey Strategic Wealth LLC boosted its position in shares of Netflix by 1.2% during the 4th quarter. Journey Strategic Wealth LLC now owns 2,247 shares of the Internet television network’s stock valued at $2,003,000 after purchasing an additional 27 shares in the last quarter. Richardson Financial Services Inc. boosted its position in shares of Netflix by 64.2% during the 4th quarter. Richardson Financial Services Inc. now owns 317 shares of the Internet television network’s stock valued at $285,000 after purchasing an additional 124 shares in the last quarter. SYM FINANCIAL Corp boosted its position in shares of Netflix by 29.1% during the 4th quarter. SYM FINANCIAL Corp now owns 510 shares of the Internet television network’s stock valued at $455,000 after purchasing an additional 115 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its position in shares of Netflix by 3.5% during the 4th quarter. DAVENPORT & Co LLC now owns 12,516 shares of the Internet television network’s stock valued at $11,156,000 after purchasing an additional 426 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NFLX shares. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Wedbush restated an “outperform” rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. KeyCorp upped their target price on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Pivotal Research upped their target price on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group increased their price target on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insiders Place Their Bets

In other news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Insiders sold 105,516 shares of company stock valued at $92,377,637 over the last ninety days. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

Shares of NFLX opened at $976.76 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $417.82 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 2.03 and a beta of 1.27. The stock has a 50 day moving average of $904.67 and a 200 day moving average of $778.61. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the business posted $2.11 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.