Mezzasalma Advisors LLC Has $6.65 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Mezzasalma Advisors LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,457 shares of the Internet television network’s stock after buying an additional 31 shares during the period. Netflix makes up about 2.1% of Mezzasalma Advisors LLC’s portfolio, making the stock its 11th largest position. Mezzasalma Advisors LLC’s holdings in Netflix were worth $6,647,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the 3rd quarter valued at $25,000. Newton One Investments LLC purchased a new stake in shares of Netflix in the fourth quarter valued at about $34,000. Princeton Global Asset Management LLC lifted its position in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after purchasing an additional 16 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in 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 purchasing an additional 42 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in shares of Netflix during the 4th quarter worth approximately $43,000. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 685 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total value of $691,555.45. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $3,726,322.87. The trade was a 15.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy M. Haley sold 647 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 299,517 shares of company stock valued at $285,805,037. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NFLX. Evercore ISI increased their price target on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research report on Thursday, January 23rd. Pivotal Research boosted their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Needham & Company LLC raised their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, KeyCorp boosted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Ten equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Trading Down 0.2 %

NASDAQ NFLX opened at $1,013.93 on Friday. The stock’s 50-day simple moving average is $914.82 and its two-hundred day simple moving average is $787.62. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,027.76. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $433.72 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) 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 for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $2.11 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 EPS 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.