598 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 598 shares of the Internet television network’s stock, valued at approximately $291,000.

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

Netflix Price Performance

NASDAQ NFLX traded up $9.03 during trading on Tuesday, hitting $606.00. 3,608,993 shares of the stock traded hands, compared to its average volume of 4,419,100. The company has a market capitalization of $261.16 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The firm has a 50-day simple moving average of $602.85 and a 200-day simple moving average of $531.62. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $322.03 and a 12-month high of $639.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.88 EPS. As a group, analysts predict that Netflix, Inc. will post 18.3 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Piper Sandler upped their target price on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their target price on Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a report on Monday, April 15th. Macquarie upped their price target on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Finally, Bank of America upped their price target on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $631.15.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $15,443.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $15,443.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 268 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total value of $159,090.16. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,141 shares of company stock worth $90,796,396. 1.76% of the stock is currently owned by company insiders.

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.