311 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Vestia Personal Wealth Advisors

Vestia Personal Wealth Advisors purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 311 shares of the Internet television network's stock, valued at approximately $277,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network's stock worth $750,713,000 after purchasing an additional 642,920 shares during the last quarter. State Street Corp boosted its stake in Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after purchasing an additional 426,740 shares during the period. Jennison Associates LLC grew its holdings in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock valued at $4,958,417,000 after buying an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in Netflix during the 3rd quarter worth $222,871,000. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NFLX. UBS Group boosted their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Rosenblatt Securities upgraded shares of Netflix from a "neutral" rating to a "buy" rating and increased their target price for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Barclays upgraded shares of Netflix from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Piper Sandler reissued an "overweight" rating and set a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Sanford C. Bernstein upgraded Netflix from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,021.70.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This represents a 88.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 281,026 shares of company stock valued at $267,211,135. Company insiders own 1.76% of the company's stock.

Netflix Trading Up 1.6 %

Shares of NFLX stock traded up $16.24 on Wednesday, hitting $1,011.11. The company had a trading volume of 3,992,539 shares, compared to its average volume of 4,524,439. The stock's 50-day moving average is $909.38 and its two-hundred day moving average is $784.44. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,011.83. The firm has a market cap of $432.51 billion, a P/E ratio of 50.99, a P/E/G ratio of 2.02 and a beta of 1.27. 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 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the firm posted $2.11 EPS. The company's quarterly revenue was up 16.0% on a year-over-year basis. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

About Netflix

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.