Atala Financial Inc Invests $366,000 in Netflix, Inc. (NASDAQ:NFLX)

Atala Financial Inc acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 411 shares of the Internet television network’s stock, valued at approximately $366,000.

A number of other hedge funds also recently bought and sold shares of the company. Parnassus Investments LLC raised its stake in shares of Netflix by 8.7% during the fourth quarter. Parnassus Investments LLC now owns 1,234 shares of the Internet television network’s stock worth $1,100,000 after acquiring an additional 99 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Netflix during the 4th quarter valued at $1,280,000. Impact Capital Partners LLC purchased a new position in Netflix in the 4th quarter worth $2,382,000. Commonwealth Equity Services LLC lifted its stake in Netflix by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 148,247 shares of the Internet television network’s stock worth $132,135,000 after purchasing an additional 4,902 shares during the last quarter. Finally, Madison Wealth Partners Inc purchased a new stake in Netflix during the fourth quarter valued at about $230,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $890.17 on Friday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month 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 company has a market capitalization of $380.78 billion, a P/E ratio of 44.89, a PEG ratio of 2.12 and a beta of 1.38. The stock’s 50 day moving average is $950.30 and its 200 day moving average is $846.09.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping 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 business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the company posted $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NFLX. UBS Group reiterated a “buy” rating on shares of Netflix in a report on Monday. Guggenheim boosted their price objective on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Needham & Company LLC lifted their target price on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley increased their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,014.26.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is owned by insiders.

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.