Diversify Wealth Management LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Diversify Wealth Management LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,665 shares of the Internet television network's stock after purchasing an additional 310 shares during the period. Diversify Wealth Management LLC's holdings in Netflix were worth $2,233,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Advisory Resource Group lifted its position in Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock valued at $1,238,000 after purchasing an additional 12 shares during the period. Insight Wealth Strategies LLC raised its position in Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network's stock worth $585,000 after acquiring an additional 12 shares during the period. Sunflower Bank N.A. raised its position in Netflix by 2.1% in the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network's stock worth $513,000 after acquiring an additional 12 shares during the period. New World Advisors LLC raised its position in Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network's stock worth $514,000 after acquiring an additional 14 shares during the period. Finally, Trust Co. of Vermont raised its position in Netflix by 2.5% in the fourth quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network's stock worth $508,000 after acquiring an additional 14 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NFLX shares. BMO Capital Markets increased their price target on shares of Netflix from $825.00 to $1,000.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. Morgan Stanley raised their price objective on shares of Netflix from $820.00 to $830.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Sanford C. Bernstein raised their price objective on shares of Netflix from $625.00 to $780.00 and gave the company a "market perform" rating in a research report on Friday, October 18th. Loop Capital decreased their price objective on shares of Netflix from $950.00 to $925.00 and set a "hold" rating on the stock in a research report on Thursday, January 16th. Finally, Jefferies Financial Group raised their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $845.06.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the transaction, the chief executive officer now owns 2,556 shares of the company's stock, valued at $1,960,579.80. The trade was a 33.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock valued at $127,616,898 in the last 90 days. Insiders own 1.76% of the company's stock.

Netflix Stock Up 1.1 %

Shares of NASDAQ:NFLX traded up $9.26 during trading hours on Tuesday, hitting $867.36. The company's stock had a trading volume of 2,290,682 shares, compared to its average volume of 3,131,665. Netflix, Inc. has a 52 week low of $479.90 and a 52 week high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $370.76 billion, a price-to-earnings ratio of 49.09, a P/E/G ratio of 1.40 and a beta of 1.27. The firm's fifty day moving average price is $885.64 and its 200 day moving average price is $760.81.

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.