Worth Financial Advisory Group LLC Acquires 36 Shares of Netflix, Inc. (NASDAQ:NFLX)

Worth Financial Advisory Group LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 630 shares of the Internet television network’s stock after acquiring an additional 36 shares during the quarter. Worth Financial Advisory Group LLC’s holdings in Netflix were worth $562,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Proficio Capital Partners LLC boosted its position in Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock valued at $1,716,662,000 after buying an additional 1,924,423 shares in the last quarter. State Street Corp boosted its holdings in shares of Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Strategic Financial Concepts LLC grew its position in Netflix by 112,896.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock worth $340,420,000 after acquiring an additional 381,590 shares during the last quarter. KBC Group NV increased its holdings in Netflix by 226.3% in the 4th quarter. KBC Group NV now owns 399,186 shares of the Internet television network’s stock worth $355,803,000 after purchasing an additional 276,865 shares in the last quarter. Finally, GQG Partners LLC raised its position in Netflix by 15.4% in the fourth quarter. GQG Partners LLC now owns 1,905,043 shares of the Internet television network’s stock valued at $1,698,003,000 after purchasing an additional 253,594 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Netflix news, Director Ann Mather sold 2,682 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the sale, the chairman now owns 114 shares in the company, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 288,583 shares of company stock valued at $279,611,567 in the last ninety days. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research reports. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Loop Capital raised their price target on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Pivotal Research increased their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their target price on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,016.78.

Netflix Stock Down 2.7 %

Netflix stock opened at $970.65 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $415.20 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The firm’s 50-day simple moving average is $967.54 and its 200 day simple moving average is $864.18.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 earnings per share. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.