Golden State Wealth Management LLC Purchases New Position in Netflix, Inc. (NASDAQ:NFLX)

Golden State Wealth Management LLC acquired 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 SEC. The institutional investor acquired 1,089 shares of the Internet television network’s stock, valued at approximately $971,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the 3rd quarter worth about $25,000. Newton One Investments LLC bought a new stake in shares of Netflix during the fourth quarter worth about $34,000. Princeton Global Asset Management LLC increased its stake in shares of Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after buying an additional 16 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Netflix during the fourth quarter worth $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 0.5 %

NFLX opened at $1,015.68 on Friday. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,016.35. The company’s 50-day moving average is $912.05 and its 200 day moving average is $786.03. The firm has a market capitalization of $434.47 billion, a P/E ratio of 51.22, a PEG ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

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

Analyst Ratings Changes

Several research analysts have commented on NFLX shares. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a report on Tuesday. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a report on Thursday, January 23rd. Evercore ISI raised their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Needham & Company LLC upped their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Ten investment 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 685 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total value of $691,555.45. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at approximately $3,726,322.87. This trade represents a 15.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 9,975 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,001.00, for a total transaction of $9,984,975.00. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,962,950. The trade was a 43.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 292,270 shares of company stock valued at $278,469,388 over the last ninety days. 1.76% of the stock is currently owned by insiders.

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.