Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,357 shares of the Internet television network’s stock after acquiring an additional 129 shares during the period. Netflix comprises approximately 0.5% of Wedbush Securities Inc.’s holdings, making the stock its 25th biggest holding. Wedbush Securities Inc.’s holdings in Netflix were worth $13,688,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC increased its stake in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Newton One Investments LLC purchased a new stake in Netflix in the 4th quarter valued at about $34,000. Pineridge Advisors LLC increased its stake in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after acquiring an additional 16 shares during the period. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Netflix in the fourth quarter worth approximately $43,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX opened at $855.86 on Friday. The company has a market capitalization of $366.10 billion, a P/E ratio of 43.16, a PEG ratio of 2.12 and a beta of 1.38. The company has a 50-day moving average of $970.24 and a 200-day moving average of $874.63. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50.

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, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the firm posted $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Director Ann Mather sold 2,682 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 280,676 shares of company stock valued at $273,515,672. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NFLX. Argus upped their price target on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. FBN Securities initiated coverage on Netflix in a report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price objective for the company. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a research report on Thursday, January 23rd. Robert W. Baird boosted their price target on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,023.74.

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.