Worth Asset Management LLC Purchases 2,097 Shares of Netflix, Inc. (NASDAQ:NFLX)

Worth Asset Management LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 210.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,094 shares of the Internet television network’s stock after buying an additional 2,097 shares during the quarter. Netflix comprises approximately 1.5% of Worth Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding. Worth Asset Management LLC’s holdings in Netflix were worth $2,758,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of 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 worth $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the 3rd quarter valued at $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the third quarter valued at about $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix during the third quarter worth approximately $40,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Canaccord Genuity Group upped their price objective on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $840.00 target price (up from $800.00) on shares of Netflix in a research report on Friday, October 18th. Pivotal Research boosted their price target on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein upped their target price on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $824.30.

Insider Activity

In related news, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at $25,741,260. This trade represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 150,761 shares of company stock worth $125,713,484. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NFLX stock traded down $2.83 during trading on Wednesday, hitting $876.36. The company had a trading volume of 1,128,398 shares, compared to its average volume of 2,490,498. Netflix, Inc. has a one year low of $472.95 and a one year high of $941.75. The firm has a market capitalization of $374.61 billion, a P/E ratio of 49.60, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50-day moving average price is $871.62 and its 200 day moving average price is $749.78.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Equities analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

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.