Trajan Wealth LLC Buys 612 Shares of Netflix, Inc. (NASDAQ:NFLX)

Trajan Wealth LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,339 shares of the Internet television network’s stock after purchasing an additional 612 shares during the period. Trajan Wealth LLC’s holdings in Netflix were worth $14,563,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Seaview Investment Managers LLC bought a new stake in shares of Netflix during the 4th quarter worth approximately $223,000. JBF Capital Inc. raised its position in Netflix by 38.9% during the fourth quarter. JBF Capital Inc. now owns 5,000 shares of the Internet television network’s stock valued at $4,457,000 after purchasing an additional 1,400 shares in the last quarter. Landing Point Financial Group LLC bought a new stake in Netflix during the fourth quarter worth $405,000. Mirabella Financial Services LLP bought a new position in shares of Netflix in the 4th quarter valued at $2,898,000. Finally, Mirova acquired a new position in shares of Netflix during the 4th quarter worth $280,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research analyst reports. Wedbush reissued an “outperform” rating and set a $1,150.00 target price on shares of Netflix in a research note on Friday, April 11th. Guggenheim reiterated a “buy” rating and set a $1,150.00 price objective on shares of Netflix in a research report on Friday. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a report on Thursday, January 23rd. Finally, Evercore ISI increased their price target on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,036.38.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 274,312 shares of company stock worth $267,919,297. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.2 %

Netflix stock opened at $973.03 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $416.22 billion, a PE ratio of 49.07, a PEG ratio of 2.12 and a beta of 1.55. The firm’s fifty day moving average is $954.87 and its 200 day moving average is $893.08. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the prior year, the business earned $8.28 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

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.