ARS Wealth Advisors Group LLC Purchases 23 Shares of Netflix, Inc. (NASDAQ:NFLX)

ARS Wealth Advisors Group LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,438 shares of the Internet television network’s stock after purchasing an additional 23 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in Netflix were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. Burney Co. raised its holdings in Netflix by 25.8% in the 4th quarter. Burney Co. now owns 21,529 shares of the Internet television network’s stock worth $19,190,000 after purchasing an additional 4,418 shares in the last quarter. Peak Financial Advisors LLC lifted its holdings in Netflix by 0.5% in the fourth quarter. Peak Financial Advisors LLC now owns 3,156 shares of the Internet television network’s stock worth $2,813,000 after buying an additional 16 shares during the period. Wiser Wealth Management Inc bought a new stake in Netflix during the 4th quarter valued at approximately $209,000. Apella Capital LLC grew its holdings in shares of Netflix by 1.6% during the 4th quarter. Apella Capital LLC now owns 1,071 shares of the Internet television network’s stock worth $955,000 after acquiring an additional 17 shares during the period. Finally, Founders Grove Wealth Partners LLC bought a new position in shares of Netflix in the 4th quarter worth approximately $201,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Loop Capital lowered Netflix from a “buy” rating to a “hold” rating and raised their price objective for the company from $800.00 to $950.00 in a research report on Monday, December 16th. Citigroup boosted their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. UBS Group raised their target price on shares of Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Jefferies Financial Group boosted their target price on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Oppenheimer lowered their price target on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $845.82.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,742 shares of company stock valued at $131,030,268. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.4 %

Shares of NASDAQ NFLX traded up $11.64 during midday trading on Wednesday, hitting $840.04. The company’s stock had a trading volume of 384,730 shares, compared to its average volume of 2,760,706. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The business’s 50 day moving average is $881.04 and its two-hundred day moving average is $755.96. The firm has a market cap of $359.08 billion, a P/E ratio of 47.54, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, equities research analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

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.