Wayfinding Financial LLC Acquires New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Wayfinding Financial LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 762 shares of the Internet television network's stock, valued at approximately $679,000.

Other large investors have also recently modified their holdings of the company. TD Private Client Wealth LLC grew its position in shares of Netflix by 30.3% in the 4th quarter. TD Private Client Wealth LLC now owns 5,109 shares of the Internet television network's stock worth $4,554,000 after buying an additional 1,188 shares during the period. One Charles Private Wealth Services LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $260,000. Lee Danner & Bass Inc. bought a new stake in shares of Netflix in the 4th quarter worth approximately $77,000. Truepoint Inc. purchased a new stake in shares of Netflix in the 4th quarter worth approximately $202,000. Finally, Semanteon Capital Management LP bought a new position in Netflix during the 4th quarter valued at approximately $1,087,000. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

NFLX has been the topic of a number of recent research reports. Moffett Nathanson raised Netflix from a "neutral" rating to a "buy" rating and increased their target price for the stock from $850.00 to $1,100.00 in a research note on Monday, March 17th. KeyCorp boosted their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Bank of America raised their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a report on Wednesday, January 22nd. Finally, Needham & Company LLC boosted their target price on shares of Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,016.78.

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Insider Activity at Netflix

In other news, Director Strive Masiyiwa sold 2,813 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 2,682 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 288,103 shares of company stock worth $279,142,041. Company insiders own 1.76% of the company's stock.

Netflix Trading Up 1.2 %

NFLX stock traded up $11.70 during midday trading on Monday, reaching $971.99. The company's stock had a trading volume of 4,668,785 shares, compared to its average volume of 3,481,443. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The firm has a market capitalization of $415.78 billion, a price-to-earnings ratio of 49.02, a PEG ratio of 2.12 and a beta of 1.38. The stock has a fifty day simple moving average of $961.71 and a two-hundred day simple moving average of $861.09. 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 company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $2.11 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.