Wayfinding Financial LLC Invests $679,000 in Netflix, Inc. (NASDAQ:NFLX)

Wayfinding Financial LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, Holdings Channel reports. The firm bought 762 shares of the Internet television network’s stock, valued at approximately $679,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Swedbank AB lifted its holdings in Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after buying an additional 198,148 shares in the last quarter. Prospera Private Wealth LLC boosted its holdings in Netflix by 2.8% in the 3rd quarter. Prospera Private Wealth LLC now owns 778 shares of the Internet television network’s stock worth $552,000 after buying an additional 21 shares during the period. Strategy Asset Managers LLC purchased a new stake in Netflix in the 3rd quarter worth $378,000. Finally, Commerce Bank raised its holdings in Netflix by 7.4% during the third quarter. Commerce Bank now owns 23,570 shares of the Internet television network’s stock valued at $16,717,000 after acquiring an additional 1,621 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NFLX has been the subject of several research analyst reports. Arete Research upgraded Netflix to a “hold” rating in a research report on Thursday, January 23rd. KeyCorp boosted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Loop Capital upped their target price on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Guggenheim lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,016.78.

Netflix Price Performance

Shares of NFLX stock opened at $950.84 on Friday. The company has a market capitalization of $406.73 billion, a P/E ratio of 47.95, a P/E/G ratio of 2.12 and a beta of 1.38. The company’s 50-day simple moving average is $956.63 and its two-hundred day simple moving average is $854.74. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.11 earnings per share. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $101,241.12. This trade represents a 99.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 288,103 shares of company stock worth $279,142,041. 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.