Addison Advisors LLC Buys 20 Shares of Netflix, Inc. (NASDAQ:NFLX)

Addison Advisors LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 276 shares of the Internet television network’s stock after buying an additional 20 shares during the quarter. Addison Advisors LLC’s holdings in Netflix were worth $134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. Authentikos Wealth Advisory LLC acquired a new position in Netflix during the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Netflix during the third quarter valued at approximately $26,000. Carmel Capital Partners LLC raised its position in shares of Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the period. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares in the last quarter. Finally, Pacifica Partners Inc. acquired a new stake in Netflix in the 4th quarter valued at $41,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Pivotal Research upped their target price on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. TD Cowen lifted their price target on Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research note on Monday, April 8th. BMO Capital Markets reissued an “outperform” rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Finally, Citigroup lifted their target price on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Stock Performance

Shares of NFLX stock traded down $3.57 during trading on Friday, reaching $561.23. 4,332,593 shares of the company’s stock traded hands, compared to its average volume of 4,190,527. The firm’s 50-day moving average is $604.54 and its 200 day moving average is $519.46. The company has a market capitalization of $241.83 billion, a P/E ratio of 38.95, a PEG ratio of 1.38 and a beta of 1.22. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.88 earnings per share. Equities research analysts expect that Netflix, Inc. will post 18.13 EPS for the current year.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Netflix news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the transaction, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The disclosure for this sale can be found here. Insiders sold a total of 154,573 shares of company stock worth $89,548,241 in the last quarter. 2.45% of the stock is owned by company insiders.

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.