RFG Bristol Wealth Advisors LLC Takes $2.76 Million Position in Netflix, Inc. (NASDAQ:NFLX)

RFG Bristol Wealth Advisors LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,094 shares of the Internet television network’s stock, valued at approximately $2,758,000. Netflix comprises about 0.9% of RFG Bristol Wealth Advisors LLC’s portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Principal Financial Group Inc. boosted its holdings in shares of Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after purchasing an additional 198,148 shares during the period. Benjamin Edwards Inc. lifted its position in Netflix by 3,971.9% in the third quarter. Benjamin Edwards Inc. now owns 10,587 shares of the Internet television network’s stock worth $7,509,000 after buying an additional 10,327 shares during the last quarter. Hilltop Holdings Inc. boosted its stake in Netflix by 100.0% during the third quarter. Hilltop Holdings Inc. now owns 5,555 shares of the Internet television network’s stock worth $3,940,000 after buying an additional 2,778 shares during the period. HighVista Strategies LLC boosted its stake in Netflix by 11.1% during the third quarter. HighVista Strategies LLC now owns 2,000 shares of the Internet television network’s stock worth $1,419,000 after buying an additional 200 shares during the period. Finally, Janus Henderson Group PLC increased its position in Netflix by 1.2% during the third quarter. Janus Henderson Group PLC now owns 1,266,649 shares of the Internet television network’s stock valued at $898,445,000 after acquiring an additional 14,930 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of several analyst reports. Robert W. Baird raised their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Argus raised their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Pivotal Research boosted 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. FBN Securities started coverage on Netflix in a report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price target on the stock. Finally, Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.02.

Netflix Trading Down 0.4 %

NASDAQ:NFLX opened at $928.38 on Wednesday. The stock has a market capitalization of $397.12 billion, a price-to-earnings ratio of 46.82, a PEG ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. 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 firm has a 50 day moving average of $974.40 and a 200 day moving average of $872.78.

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

Insider Transactions at Netflix

In related news, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 288,583 shares of company stock worth $279,611,567. 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.