Lebenthal Global Advisors LLC Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

Lebenthal Global Advisors LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,604 shares of the Internet television network’s stock after buying an additional 131 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Netflix were worth $1,430,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Foundations Investment Advisors LLC grew its stake in Netflix by 19.4% during 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 acquiring an additional 670 shares in the last quarter. Parsons Capital Management Inc. RI boosted its holdings in shares of Netflix by 6.2% during the 4th quarter. Parsons Capital Management Inc. RI now owns 1,049 shares of the Internet television network’s stock worth $935,000 after purchasing an additional 61 shares during the last quarter. West Wealth Group LLC purchased a new stake in shares of Netflix in the fourth quarter valued at approximately $267,000. Lighthouse Wealth Management Inc. acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $394,000. Finally, Mount Yale Investment Advisors LLC increased its holdings in shares of Netflix by 40.6% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,576 shares of the Internet television network’s stock valued at $4,079,000 after purchasing an additional 1,322 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on NFLX shares. Piper Sandler restated an “overweight” rating and issued a $1,100.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Guggenheim boosted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. TD Cowen lifted their price objective on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. increased their price target on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Down 0.6 %

Shares of Netflix stock opened at $971.89 on Tuesday. Netflix, Inc. has a one year low of $542.01 and a one year high of $999.00. The company has a market cap of $415.44 billion, a P/E ratio of 49.01, a PEG ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The firm has a fifty day moving average of $895.13 and a two-hundred day moving average of $768.18.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue for the quarter 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. On average, analysts forecast that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Transactions at Netflix

In related news, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the sale, the chief executive officer now owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. In the last three months, insiders sold 147,117 shares of company stock valued at $123,913,691. Corporate insiders own 1.76% of the company’s stock.

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.