San Luis Wealth Advisors LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

San Luis Wealth Advisors LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 461 shares of the Internet television network’s stock, valued at approximately $411,000.

Other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the 3rd quarter worth $37,000. FSA Wealth Management LLC purchased a new stake in shares of Netflix in the third quarter valued at about $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix during the third quarter worth about $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. This trade represents a 24.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold 156,742 shares of company stock worth $131,030,268 in the last 90 days. 1.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NFLX shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Piper Sandler increased their price objective on Netflix from $840.00 to $950.00 and gave the stock an “overweight” rating in a research report on Tuesday. Macquarie boosted their target price on shares of Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, TD Cowen upped their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $846.58.

Netflix Stock Down 1.4 %

Shares of NASDAQ NFLX opened at $828.40 on Wednesday. The firm’s 50 day moving average price is $881.04 and its 200 day moving average price is $755.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $354.11 billion, a P/E ratio of 46.88, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, sell-side analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Netflix Company 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.