Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Colonial Trust Advisors

Colonial Trust Advisors lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 220.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,809 shares of the Internet television network’s stock after purchasing an additional 1,244 shares during the quarter. Colonial Trust Advisors’ holdings in Netflix were worth $1,612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after purchasing an additional 198,148 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Netflix during the 3rd quarter worth $1,231,000. Continuum Advisory LLC boosted its position in Netflix by 20.1% during the 3rd quarter. Continuum Advisory LLC now owns 723 shares of the Internet television network’s stock worth $513,000 after purchasing an additional 121 shares during the period. M&T Bank Corp boosted its position in Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after purchasing an additional 1,684 shares during the period. Finally, Financial Avengers Inc. boosted its position in Netflix by 10.7% during the 3rd quarter. Financial Avengers Inc. now owns 155 shares of the Internet television network’s stock worth $110,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NFLX. Piper Sandler reaffirmed an “overweight” rating and set a $1,100.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Bank of America upped their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Morgan Stanley upped their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,017.31.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock worth $267,919,297 in the last three months. 1.76% of the stock is owned by insiders.

Netflix Stock Up 8.6 %

Shares of NFLX opened at $945.47 on Thursday. The stock has a market capitalization of $404.43 billion, a price-to-earnings ratio of 47.68, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The business’s 50 day simple moving average is $962.78 and its 200-day simple moving average is $881.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

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

Netflix Company 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.