Next Level Wealth Planning LLC Purchases Shares of 230 Netflix, Inc. (NASDAQ:NFLX)

Next Level Wealth Planning LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 230 shares of the Internet television network’s stock, valued at approximately $205,000.

A number of other large investors have also made changes to their positions in the company. AMF Tjanstepension AB lifted its position in shares of Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after buying an additional 4,701 shares in the last quarter. Creative Planning lifted its position in shares of Netflix by 10.8% during the 3rd quarter. Creative Planning now owns 110,551 shares of the Internet television network’s stock valued at $78,410,000 after buying an additional 10,782 shares in the last quarter. Swedbank AB lifted its position in shares of Netflix by 1.8% during the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after buying an additional 8,024 shares in the last quarter. Secure Asset Management LLC lifted its position in shares of Netflix by 12.4% during the 3rd quarter. Secure Asset Management LLC now owns 1,003 shares of the Internet television network’s stock valued at $711,000 after buying an additional 111 shares in the last quarter. Finally, Trust Co. of Vermont lifted its position in shares of Netflix by 5.7% during the 3rd quarter. Trust Co. of Vermont now owns 556 shares of the Internet television network’s stock valued at $394,000 after buying an additional 30 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 303,809 shares of company stock worth $290,374,484. 1.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NFLX shares. Pivotal Research lifted their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Oppenheimer lifted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Piper Sandler reissued an “overweight” rating and issued a $1,100.00 price target (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Macquarie boosted their price target on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Performance

Shares of Netflix stock opened at $1,058.60 on Friday. The stock’s fifty day moving average is $929.40 and its two-hundred day moving average is $804.02. The company has a market capitalization of $452.83 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The company 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%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.11 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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.