OneAscent Financial Services LLC Buys 337 Shares of Netflix, Inc. (NASDAQ:NFLX)

OneAscent Financial Services LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 76.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 776 shares of the Internet television network's stock after purchasing an additional 337 shares during the period. OneAscent Financial Services LLC's holdings in Netflix were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. West Michigan Advisors LLC raised its stake in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after buying an additional 10 shares during the last quarter. Warwick Investment Management Inc. increased its holdings in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after acquiring an additional 10 shares in the last quarter. MRP Capital Investments LLC raised its position in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC lifted its holdings in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 10 shares in the last quarter. Finally, Enzi Wealth grew its position in shares of Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

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Netflix Stock Performance

NFLX traded down $61.19 during trading hours on Friday, hitting $855.86. The company's stock had a trading volume of 6,781,959 shares, compared to its average volume of 3,625,380. The company has a 50-day simple moving average of $970.24 and a 200 day simple moving average of $875.80. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $366.10 billion, a PE ratio of 43.16, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for 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%. Netflix's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $2.11 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. UBS Group set a $1,000.00 target price on Netflix in a research note on Monday, March 24th. FBN Securities assumed coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price for the company. Pivotal Research upped their price target on Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, Sanford C. Bernstein raised Netflix from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. 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 stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,023.74.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 4,939 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their position. 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 41,121 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 280,676 shares of company stock valued at $273,515,672. Company 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.