Wayfinding Financial LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Wayfinding Financial LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 762 shares of the Internet television network’s stock, valued at approximately $679,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NFLX. TD Private Client Wealth LLC raised its position in Netflix by 30.3% in the 4th quarter. TD Private Client Wealth LLC now owns 5,109 shares of the Internet television network’s stock worth $4,554,000 after purchasing an additional 1,188 shares during the period. One Charles Private Wealth Services LLC bought a new position in shares of Netflix during the fourth quarter valued at about $260,000. Lee Danner & Bass Inc. bought a new position in shares of Netflix during the fourth quarter valued at about $77,000. Truepoint Inc. purchased a new position in shares of Netflix in the fourth quarter worth about $202,000. Finally, Semanteon Capital Management LP bought a new stake in shares of Netflix in the 4th quarter valued at about $1,087,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 30,485 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total value of $29,933,831.20. Following the transaction, the chairman now directly owns 394 shares in the company, valued at $386,876.48. This trade represents a 98.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ann Mather sold 2,682 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock worth $279,142,041 over the last three months. 1.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on NFLX shares. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Finally, Moffett Nathanson upgraded shares of Netflix from a “neutral” rating to a “buy” rating and increased their target price for the stock from $850.00 to $1,100.00 in a report on Monday. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,016.78.

Netflix Stock Performance

Shares of NFLX opened at $950.84 on Friday. The company has a market cap of $406.73 billion, a price-to-earnings ratio of 47.95, a P/E/G ratio of 2.12 and a beta of 1.38. The business’s fifty day simple moving average is $956.63 and its two-hundred day simple moving average is $854.74. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released 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 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 posted $2.11 earnings per share. Netflix’s revenue was up 16.0% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.