LVW Advisors LLC Acquires 15 Shares of Netflix, Inc. (NASDAQ:NFLX)

LVW Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,630 shares of the Internet television network’s stock after purchasing an additional 15 shares during the quarter. LVW Advisors LLC’s holdings in Netflix were worth $1,453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after acquiring an additional 123,029 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after acquiring an additional 316,594 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after acquiring an additional 5,748,200 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Netflix by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after acquiring an additional 23,702 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 1,278 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at approximately $185,976. This represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock valued at $127,616,898 in the last three months. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

Shares of NFLX opened at $858.10 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $366.80 billion, a PE ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a 12 month low of $476.06 and a 12 month high of $941.75. The stock has a fifty day moving average price of $884.58 and a 200-day moving average price of $759.04.

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

Wall Street Analyst Weigh In

NFLX has been the topic of several recent research reports. Sanford C. Bernstein upped their price objective on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Barclays increased their price target on Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a report on Tuesday, January 14th. Piper Sandler increased their price target on Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Wedbush restated an “outperform” rating and set a $950.00 price target (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $845.06.

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.