Centerpoint Advisors LLC Makes New $120,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Centerpoint Advisors LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 135 shares of the Internet television network’s stock, valued at approximately $120,000.

Several other institutional investors have also recently made changes to their positions in the company. AMF Tjanstepension AB boosted its holdings in shares of Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after buying an additional 4,701 shares in the last quarter. Swedbank AB lifted its position in Netflix by 1.8% during the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after acquiring an additional 8,024 shares during the period. Capital Investment Advisors LLC boosted its stake in Netflix by 19.3% during the third quarter. Capital Investment Advisors LLC now owns 1,753 shares of the Internet television network’s stock worth $1,244,000 after acquiring an additional 283 shares in the last quarter. Cyndeo Wealth Partners LLC grew its holdings in Netflix by 1.6% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,731 shares of the Internet television network’s stock worth $1,228,000 after purchasing an additional 28 shares during the period. Finally, OLD National Bancorp IN increased its stake in shares of Netflix by 4.5% during the third quarter. OLD National Bancorp IN now owns 3,547 shares of the Internet television network’s stock valued at $2,516,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wedbush reissued an “outperform” rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a report on Thursday, January 23rd. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Robert W. Baird upped their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Oppenheimer raised their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity

In other news, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $12,700,583. This represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 303,809 shares of company stock valued at $290,374,484 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.4 %

Shares of Netflix stock opened at $1,058.60 on Tuesday. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company’s fifty day simple moving average is $929.40 and its 200-day simple moving average is $806.53. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $452.83 billion, a PE ratio of 53.38, a P/E/G ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 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 company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the firm earned $2.11 EPS. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share 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.