Pineridge Advisors LLC Has $37,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

Pineridge Advisors LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 4,000.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 41 shares of the Internet television network’s stock after purchasing an additional 40 shares during the period. Pineridge Advisors LLC’s holdings in Netflix were worth $37,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of 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 purchasing an additional 42 shares during the period. Newton One Investments LLC bought a new stake in shares of Netflix during the 4th quarter valued at about $34,000. MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the third quarter worth approximately $37,000. Finally, FSA Wealth Management LLC bought a new stake in Netflix in the third quarter worth approximately $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other news, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 2,682 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 298,870 shares of company stock worth $285,287,314. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on NFLX. Oppenheimer increased their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Wells Fargo & Company upped their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Pivotal Research raised their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Up 1.3 %

NFLX opened at $1,027.60 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $439.57 billion, a price-to-earnings ratio of 51.82, a PEG ratio of 2.11 and a beta of 1.27. The company’s 50-day moving average price is $917.36 and its two-hundred day moving average price is $792.29. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,032.85.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the firm posted $2.11 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.