Avidian Wealth Enterprises LLC Buys 69 Shares of Netflix, Inc. (NASDAQ:NFLX)

Avidian Wealth Enterprises LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.1% during the 4th quarter, Holdings Channel reports. The fund owned 1,766 shares of the Internet television network’s stock after acquiring an additional 69 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Netflix were worth $1,574,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp boosted its position in shares of Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the period. Geode Capital Management LLC raised its stake in Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after purchasing an additional 123,029 shares in the last quarter. Jennison Associates LLC boosted its holdings in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the period. International Assets Investment Management LLC grew its position in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Netflix by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after purchasing an additional 23,702 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 1.9 %

Shares of NASDAQ NFLX opened at $1,008.08 on Wednesday. The company’s 50 day moving average price is $919.96 and its 200-day moving average price is $795.06. 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 company has a market capitalization of $431.22 billion, a P/E ratio of 50.84, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

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

Insider Activity

In other news, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders have sold 303,809 shares of company stock valued at $290,374,484 in the last ninety days. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Guggenheim lifted their price objective on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Pivotal Research increased their target price on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price target on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.