RFG Bristol Wealth Advisors LLC Takes $2.76 Million Position in Netflix, Inc. (NASDAQ:NFLX)

RFG Bristol Wealth Advisors LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,094 shares of the Internet television network's stock, valued at approximately $2,758,000. Netflix comprises 0.9% of RFG Bristol Wealth Advisors LLC's investment portfolio, making the stock its 26th largest position.

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

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Netflix Stock Up 0.8 %

NFLX stock traded up $7.14 during mid-day trading on Wednesday, reaching $935.52. The company had a trading volume of 3,221,293 shares, compared to its average volume of 3,597,808. The firm has a fifty day simple moving average of $974.03 and a 200 day simple moving average of $873.22. 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, 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 capitalization of $400.18 billion, a price-to-earnings ratio of 47.18, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 earnings per share. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at $101,241.12. The trade was a 99.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Insiders have sold 316,544 shares of company stock valued at $305,369,325 in the last quarter. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NFLX has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Pivotal Research lifted their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Oppenheimer boosted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets restated an "outperform" rating and set a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,021.02.

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.