Paladin Wealth LLC Acquires 72 Shares of Netflix, Inc. (NASDAQ:NFLX)

Paladin Wealth LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 9.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 833 shares of the Internet television network’s stock after purchasing an additional 72 shares during the quarter. Paladin Wealth LLC’s holdings in Netflix were worth $742,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the third quarter valued at $25,000. Newton One Investments LLC bought a new stake in shares of Netflix in the 4th quarter valued at about $34,000. Pineridge Advisors LLC lifted its stake in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after purchasing an additional 16 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in 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 worth $34,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of recent analyst reports. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. KeyCorp raised their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Jefferies Financial Group upped their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Bank of America upped their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Ten investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Trading Up 1.3 %

Shares of NASDAQ NFLX opened at $1,027.60 on Tuesday. The stock has a market cap of $439.57 billion, a P/E ratio of 51.82, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,032.85. The firm has a 50 day moving average price of $917.36 and a two-hundred day moving average price of $792.29.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.11 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 685 shares of Netflix stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total value of $691,555.45. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at approximately $3,726,322.87. This trade represents a 15.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were 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 90 days, insiders sold 298,870 shares of company stock worth $285,287,314. 1.76% of the stock is currently owned by insiders.

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.