Sax Wealth Advisors LLC Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

Sax Wealth Advisors LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,282 shares of the Internet television network's stock after acquiring an additional 390 shares during the period. Sax Wealth Advisors LLC's holdings in Netflix were worth $2,034,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in Netflix in the third quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock valued at $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Netflix in the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC bought a new position in shares of Netflix during the third quarter worth $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the third quarter valued at about $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NFLX traded up $15.73 during mid-day trading on Friday, reaching $858.10. 3,563,913 shares of the company's stock were exchanged, compared to its average volume of 2,297,633. 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 stock has a market capitalization of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a 52-week low of $476.06 and a 52-week high of $941.75. The business's fifty day simple moving average is $884.58 and its 200-day simple moving average is $758.48.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NFLX shares. Wolfe Research restated an "outperform" rating on shares of Netflix in a research report on Friday, October 18th. Canaccord Genuity Group increased their price target on Netflix from $760.00 to $940.00 and gave the stock a "hold" rating in a research report on Monday, December 2nd. Needham & Company LLC increased their price objective on Netflix from $700.00 to $800.00 and gave the company a "buy" rating in a report on Friday, October 18th. Jefferies Financial Group increased their price objective on Netflix from $780.00 to $800.00 and gave the company a "buy" rating in a report on Friday, October 18th. Finally, KeyCorp boosted their price objective on Netflix from $760.00 to $785.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $845.06.

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now directly owns 246 shares of the company's stock, valued at $185,976. This trade represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 152,198 shares of company stock valued at $127,616,898. Corporate 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.