Gateway Wealth Partners LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Gateway Wealth Partners LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 322 shares of the Internet television network's stock, valued at approximately $287,000.

A number of other hedge funds have also recently added to or reduced their stakes in NFLX. Nordea Investment Management AB boosted its position in Netflix by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock worth $760,918,000 after purchasing an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network's stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network's stock valued at $434,398,000 after acquiring an additional 11,921 shares in the last quarter. M&T Bank Corp lifted its holdings in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock valued at $29,751,000 after acquiring an additional 1,684 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in shares of Netflix in the third quarter valued at $1,517,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Pivotal Research boosted their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Arete Research raised shares of Netflix to a "hold" rating in a research report on Thursday, January 23rd. KeyCorp boosted their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Oppenheimer lifted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Finally, Guggenheim raised their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,021.70.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 41,601 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the transaction, the chairman now directly owns 85 shares of the company's stock, valued at $64,435.10. This trade represents a 99.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock worth $123,913,691 over the last 90 days. Corporate insiders own 1.76% of the company's stock.

Netflix Stock Down 0.5 %

Shares of NFLX stock traded down $4.91 during trading hours on Thursday, reaching $973.24. 3,863,469 shares of the company's stock were exchanged, compared to its average volume of 4,564,333. The company has a market cap of $416.02 billion, a price-to-earnings ratio of 49.08, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock's 50 day moving average is $901.54 and its 200-day moving average is $774.15. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts predict that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

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.