327 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 327 shares of the Internet television network’s stock, valued at approximately $291,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its stake in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in Netflix during the 3rd quarter worth $25,000. Newton One Investments LLC bought a new position in Netflix during the 4th quarter worth $34,000. Pineridge Advisors LLC grew its stake in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC grew its stake in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 685 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 3,691 shares of the company’s stock, valued at $3,726,322.87. This trade represents a 15.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 303,809 shares of company stock valued at $290,374,484 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of analyst reports. Evercore ISI boosted their price target on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. BMO Capital Markets reiterated an “outperform” rating and set a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a research report on Thursday, January 23rd. Finally, Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Up 1.4 %

Shares of NFLX stock opened at $1,058.60 on Friday. The stock’s 50 day simple moving average is $929.40 and its 200 day simple moving average is $804.02. 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, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a market capitalization of $452.83 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the business earned $2.11 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.