Bradley & Co. Private Wealth Management LLC Buys Shares of 145 Netflix, Inc. (NASDAQ:NFLX)

Bradley & Co. Private Wealth Management LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, Holdings Channel reports. The fund purchased 145 shares of the Internet television network’s stock, valued at approximately $129,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB increased its position in Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after buying an additional 4,701 shares in the last quarter. Swedbank AB boosted its position in shares of Netflix by 1.8% in the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Netflix by 17.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 634 shares of the Internet television network’s stock worth $450,000 after purchasing an additional 92 shares during the period. Modera Wealth Management LLC increased its stake in shares of Netflix by 5.5% in the third quarter. Modera Wealth Management LLC now owns 1,758 shares of the Internet television network’s stock worth $1,247,000 after purchasing an additional 92 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of Netflix by 43.5% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,457 shares of the Internet television network’s stock valued at $1,033,000 after purchasing an additional 442 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 303,220 shares of company stock worth $289,856,164. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $977.24 on Wednesday. The firm has a market cap of $418.02 billion, a price-to-earnings ratio of 49.28, a PEG ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. 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’s 50 day moving average is $943.06 and its 200 day moving average is $826.31.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (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 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 posted $2.11 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and lifted their price target for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Finally, Phillip Securities downgraded shares of Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.