Brady Martz Wealth Solutions LLC Makes New $883,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Brady Martz Wealth Solutions LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,066 shares of the Internet television network's stock, valued at approximately $883,000.

Other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Netflix by 700.0% in the 3rd 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. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix in the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix during the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new stake in shares of Netflix during the 3rd quarter worth approximately $40,000. Institutional investors own 80.93% of the company's stock.

Netflix Stock Up 1.9 %

Shares of NASDAQ NFLX traded up $15.73 during midday trading on Friday, hitting $858.10. 3,563,913 shares of the stock traded hands, compared to its average volume of 2,297,633. Netflix, Inc. has a one year low of $476.06 and a one year high of $941.75. The business has a 50 day moving average price of $884.58 and a two-hundred day moving average price of $759.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $366.80 billion, a PE ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.77 billion. On average, equities analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 48,363 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company's stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,198 shares of company stock valued at $127,616,898. Corporate insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NFLX shares. Barclays boosted their price objective on shares of Netflix from $550.00 to $715.00 and gave the company an "underweight" rating in a research report on Tuesday, January 14th. Morgan Stanley boosted their price target on Netflix from $820.00 to $830.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Macquarie raised their price objective on Netflix from $795.00 to $965.00 and gave the company an "outperform" rating in a research note on Monday, January 13th. Loop Capital lowered their target price on Netflix from $950.00 to $925.00 and set a "hold" rating for the company in a research note on Thursday. Finally, StockNews.com raised shares of Netflix from a "hold" rating to a "buy" rating in a report on Saturday, December 21st. Two investment 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $845.06.

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.