Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 20.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,161 shares of the Internet television network’s stock after acquiring an additional 1,196 shares during the period. Atomi Financial Group Inc.’s holdings in Netflix were worth $6,383,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position 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 buying an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Netflix in the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC acquired a new stake in Netflix in the 3rd quarter valued at approximately $38,000. Finally, First Personal Financial Services bought a new stake in Netflix during the 3rd quarter valued at $40,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of NFLX stock opened at $858.10 on Tuesday. The firm has a market cap of $366.80 billion, a P/E ratio of 48.56, a PEG ratio of 1.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a fifty-two week low of $476.06 and a fifty-two week high of $941.75. The stock’s 50-day moving average is $885.64 and its two-hundred day moving average is $760.81.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Sanford C. Bernstein raised their price objective on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Guggenheim lifted their target price on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $845.06.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,198 shares of company stock worth $127,616,898. 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.