Astra Wealth Partners LLC Buys Shares of 392 Netflix, Inc. (NASDAQ:NFLX)

Astra Wealth Partners LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 392 shares of the Internet television network's stock, valued at approximately $349,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NFLX. Pathway Financial Advisers LLC boosted its stake in 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 purchasing an additional 14 shares during the period. Newton One Investments LLC acquired a new position in Netflix during the fourth quarter valued at $34,000. Pineridge Advisors LLC boosted its position in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares during the period. Princeton Global Asset Management LLC grew its stake in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after acquiring an additional 16 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Netflix in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

Shares of Netflix stock traded down $61.19 during trading on Friday, hitting $855.86. 6,781,959 shares of the stock traded hands, compared to its average volume of 3,625,380. The stock has a market cap of $366.10 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.12 and a beta of 1.55. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The firm's fifty day moving average is $970.24 and its 200-day moving average is $875.80.

Remove Ads

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for 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%. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 earnings per share. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. KeyCorp raised their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Pivotal Research boosted their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Moffett Nathanson raised Netflix from a "neutral" rating to a "buy" rating and upped their target price for the stock from $850.00 to $1,100.00 in a research report on Monday, March 17th. Barclays upgraded Netflix from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $715.00 to $900.00 in a report on Wednesday, January 22nd. Finally, Robert W. Baird lifted their target price on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,023.74.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $3,402,068.52. The trade was a 41.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 280,676 shares of company stock valued at $273,515,672 in the last 90 days. Insiders own 1.76% of the company's stock.

Netflix 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.