Terra Nova Asset Management LLC Buys Shares of 282 Netflix, Inc. (NASDAQ:NFLX)

Terra Nova Asset Management LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 282 shares of the Internet television network’s stock, valued at approximately $263,000.

Other institutional investors also recently modified their holdings of the company. Aspetuck Financial Management LLC bought a new stake in Netflix in the first quarter worth $506,000. Pure Financial Advisors LLC boosted its holdings in Netflix by 16.2% in the first quarter. Pure Financial Advisors LLC now owns 2,230 shares of the Internet television network’s stock worth $2,079,000 after purchasing an additional 311 shares in the last quarter. Wealth Effects LLC boosted its holdings in Netflix by 176.8% in the first quarter. Wealth Effects LLC now owns 1,315 shares of the Internet television network’s stock worth $1,226,000 after purchasing an additional 840 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in Netflix by 2.7% in the first quarter. Perigon Wealth Management LLC now owns 12,266 shares of the Internet television network’s stock worth $11,438,000 after purchasing an additional 323 shares in the last quarter. Finally, Omnia Family Wealth LLC boosted its holdings in Netflix by 10.3% in the first quarter. Omnia Family Wealth LLC now owns 450 shares of the Internet television network’s stock worth $420,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,027 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the sale, the chief executive officer now directly owns 12,781 shares in the company, valued at $14,589,639.31. This represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 184,660 shares of company stock valued at $209,802,025. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the stock an “overweight” rating in a report on Monday, April 21st. Rosenblatt Securities boosted their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Canaccord Genuity Group boosted their target price on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Cfra Research raised shares of Netflix to a “strong-buy” rating in a research report on Monday, April 28th. Finally, Moffett Nathanson reissued 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. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,172.73.

Netflix Stock Performance

NASDAQ NFLX opened at $1,275.25 on Thursday. The stock has a market cap of $542.71 billion, a P/E ratio of 60.27, a PEG ratio of 2.47 and a beta of 1.59. The company’s 50-day simple moving average is $1,169.57 and its 200 day simple moving average is $1,018.04. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,298.00. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the previous year, the firm posted $8.28 earnings per share. As a group, research analysts forecast 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.