Tandem Wealth Advisors LLC Invests $230,000 in Netflix, Inc. (NASDAQ:NFLX)

Tandem Wealth Advisors LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 258 shares of the Internet television network’s stock, valued at approximately $230,000.

A number of other institutional investors also recently bought and sold shares of NFLX. Nordea Investment Management AB lifted its stake in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares during the period. First National Trust Co increased its holdings in Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after buying an additional 12 shares during the last quarter. Haven Private LLC bought a new position in Netflix in the fourth quarter worth approximately $733,000. Sigma Planning Corp boosted its stake in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after acquiring an additional 386 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after acquiring an additional 1,684 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This represents a 98.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock worth $267,919,297 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a report on Monday, March 24th. Arete Research raised Netflix to a “hold” rating in a research note on Thursday, January 23rd. Evercore ISI boosted their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Macquarie raised their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Ten equities research 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 stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,017.31.

Netflix Price Performance

Shares of Netflix stock opened at $921.17 on Friday. The stock has a 50 day moving average price of $961.62 and a 200-day moving average price of $882.89. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The stock has a market cap of $394.04 billion, a price-to-earnings ratio of 46.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. 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 (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 earnings per share. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company 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.