Anchor Pointe Wealth Management LLC Buys New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Anchor Pointe Wealth Management LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, HoldingsChannel.com reports. The firm bought 256 shares of the Internet television network’s stock, valued at approximately $231,000.

A number of other institutional investors have also recently bought and sold shares of the business. Capital & Planning LLC bought a new position in shares of Netflix during the 4th quarter worth about $809,000. Brighton Jones LLC raised its position in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Netflix during the fourth quarter worth about $12,212,000. Parsons Capital Management Inc. RI boosted its holdings in Netflix by 6.2% during the fourth quarter. Parsons Capital Management Inc. RI now owns 1,049 shares of the Internet television network’s stock valued at $935,000 after purchasing an additional 61 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its stake in shares of Netflix by 19.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 4,132 shares of the Internet television network’s stock valued at $3,683,000 after purchasing an additional 670 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 2.2%

NASDAQ NFLX opened at $1,211.57 on Wednesday. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,213.81. 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 firm has a market cap of $515.61 billion, a P/E ratio of 61.10, a P/E/G ratio of 2.12 and a beta of 1.58. The stock’s 50-day moving average is $1,045.95 and its 200-day moving average is $967.38.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the prior year, the business earned $8.28 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group increased their target price on Netflix from $1,200.00 to $1,380.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Phillip Securities raised Netflix from a “moderate sell” rating to a “hold” rating in a report on Monday, April 21st. FBN Securities initiated coverage on shares of Netflix in a research note on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 target price on the stock. Guggenheim reiterated a “buy” rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $1,220.00 price target (up from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,102.79.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Monday, April 21st. 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 filing with the SEC, which is accessible through this link. Also, Director Bradford L. Smith sold 3,919 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the sale, the director now owns 7,969 shares in the company, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,708 shares of company stock worth $138,323,256 over the last quarter. 1.37% of the stock is currently owned by company insiders.

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.