Waverly Advisors LLC Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Waverly Advisors LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 29.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,545 shares of the Internet television network’s stock after buying an additional 810 shares during the quarter. Waverly Advisors LLC’s holdings in Netflix were worth $3,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC grew its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. Transce3nd LLC purchased a new stake in shares of Netflix in the 4th quarter worth approximately $32,000. Newton One Investments LLC purchased a new stake in shares of Netflix in the 4th quarter worth approximately $34,000. Pineridge Advisors LLC grew its stake in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. grew its stake in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $1,194.63 on Thursday. The company has a market capitalization of $508.40 billion, a PE ratio of 60.24, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business’s fifty day moving average is $1,026.35 and its 200 day moving average is $954.65. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,211.22.

Netflix (NASDAQ:NFLX) last released its earnings results 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 company had revenue of $10.54 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $8.28 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Monday. Macquarie lifted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Monday, April 21st. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an “overweight” rating in a report on Monday, April 21st. Wells Fargo & Company lifted their target price on Netflix from $1,210.00 to $1,222.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Finally, Rosenblatt Securities lifted their target price on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,102.79.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ann Mather sold 1,358 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,868 shares of company stock worth $138,483,256. Corporate insiders own 1.76% of the company’s stock.

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.