Amplius Wealth Advisors LLC Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Amplius Wealth Advisors LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 353 shares of the Internet television network’s stock after acquiring an additional 17 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Netflix were worth $315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. Decker Retirement Planning Inc. purchased a new stake in Netflix in the 4th quarter worth approximately $43,000. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the 3rd quarter valued at $37,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Netflix during the 3rd quarter worth $38,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX stock opened at $858.10 on Tuesday. The company has a market capitalization of $366.80 billion, a PE ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average is $884.58 and its two-hundred day moving average is $759.58. Netflix, Inc. has a 52-week low of $476.06 and a 52-week high of $941.75.

Insider Buying and Selling

In other news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the firm’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. Over the last quarter, insiders sold 152,198 shares of company stock worth $127,616,898. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NFLX. Jefferies Financial Group lifted their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Wedbush reaffirmed an “outperform” rating and set a $950.00 price objective (up previously from $800.00) on shares of Netflix in a research note on Monday, November 18th. Wolfe Research reissued an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Macquarie upped their price target on shares of Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Finally, Loop Capital decreased their price target on shares of Netflix from $950.00 to $925.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $845.06.

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.