Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,481 shares of the Internet television network's stock after acquiring an additional 592 shares during the period. Level Four Advisory Services LLC's holdings in Netflix were worth $9,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter worth about $25,000. Pathway Financial Advisers LLC raised its position in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC acquired a new stake in Netflix during the 4th quarter valued at approximately $34,000. Pineridge Advisors LLC boosted its holdings in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Netflix in the third quarter worth $38,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Guggenheim upped 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. Barclays upgraded shares of Netflix from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a report on Monday, March 24th. Oppenheimer increased their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Arete Research upgraded Netflix to a "hold" rating in a research report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.02.

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Netflix Trading Down 1.2 %

Shares of NASDAQ NFLX traded down $11.40 during trading on Monday, reaching $922.45. The stock had a trading volume of 2,156,691 shares, compared to its average volume of 3,577,798. The business's 50-day moving average price is $971.74 and its 200-day moving average price is $869.42. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a market cap of $394.58 billion, a P/E ratio of 46.58, a PEG ratio of 2.12 and a beta of 1.38. 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 (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 earnings per share. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 4,939 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 288,583 shares of company stock valued at $279,611,567 in the last three months. 1.76% of the stock is owned by corporate insiders.

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.