IFP Advisors Inc Buys 792 Shares of Netflix, Inc. (NASDAQ:NFLX)

IFP Advisors Inc grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 20.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,589 shares of the Internet television network’s stock after purchasing an additional 792 shares during the quarter. IFP Advisors Inc’s holdings in Netflix were worth $4,091,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NFLX. Enzi Wealth increased its holdings in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after buying an additional 11 shares during the last quarter. TCI Wealth Advisors Inc. grew its position in shares of Netflix by 1.6% during the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after acquiring an additional 11 shares during the period. Everett Harris & Co. CA grew its position in shares of Netflix by 1.3% during the 4th quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock valued at $775,000 after acquiring an additional 11 shares during the period. Blossom Wealth Management increased its stake in shares of Netflix by 0.9% during the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock worth $1,112,000 after purchasing an additional 11 shares during the last quarter. Finally, Beacon Financial Advisory LLC raised its holdings in shares of Netflix by 0.9% in the 4th quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock worth $1,145,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $988.47 on Tuesday. The stock has a 50 day moving average price of $941.89 and a two-hundred day moving average price of $823.89. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $422.82 billion, a P/E ratio of 49.85, a PEG ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS 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 company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the company earned $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Evercore ISI increased their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Bank of America increased their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Needham & Company LLC lifted their target price on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, KeyCorp upped their price target 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. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 303,220 shares of company stock worth $289,856,164 over the last three months. Company insiders own 1.76% of the company’s stock.

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.