Trek Financial LLC Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Trek Financial LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 830.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,163 shares of the Internet television network’s stock after acquiring an additional 4,608 shares during the quarter. Trek Financial LLC’s holdings in Netflix were worth $4,602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its position in Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after purchasing an additional 375,234 shares during the last quarter. Benchmark Investment Advisors LLC increased its stake in shares of Netflix by 108.7% during the fourth quarter. Benchmark Investment Advisors LLC now owns 1,394 shares of the Internet television network’s stock valued at $1,242,000 after buying an additional 726 shares during the period. Ashburton Jersey Ltd bought a new position in shares of Netflix during the fourth quarter valued at approximately $882,000. Federated Hermes Inc. lifted its stake in Netflix by 81.8% in the fourth quarter. Federated Hermes Inc. now owns 156,196 shares of the Internet television network’s stock worth $139,221,000 after acquiring an additional 70,290 shares during the period. Finally, Oribel Capital Management LP bought a new stake in Netflix in the fourth quarter valued at $99,204,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction on 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. Insiders have sold a total of 280,676 shares of company stock valued at $273,515,672 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Down 6.7 %

NASDAQ NFLX opened at $855.86 on Friday. The stock’s 50-day moving average price is $970.24 and its 200-day moving average price is $875.80. The company has a market capitalization of $366.10 billion, a P/E ratio of 43.16, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $542.01 and a 52 week 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, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the company posted $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NFLX. Pivotal Research raised their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Bank of America lifted their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and lifted their price target for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,023.74.

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.