ORG Wealth Partners LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

ORG Wealth Partners LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 760 shares of the Internet television network’s stock after purchasing an additional 42 shares during the period. ORG Wealth Partners LLC’s holdings in Netflix were worth $677,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in Netflix in the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix during the third quarter valued at approximately $38,000. Finally, First Personal Financial Services purchased a new stake in Netflix in the third quarter worth $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Friday. Piper Sandler restated an “overweight” rating and issued a $840.00 price objective (up previously from $800.00) on shares of Netflix in a report on Friday, October 18th. Pivotal Research lifted their price objective on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Bank of America raised their price target on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Wedbush reissued an “outperform” rating and set a $950.00 price objective (up from $800.00) on shares of Netflix in a research report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $824.00.

Netflix Price Performance

Netflix stock traded down $36.40 during mid-day trading on Friday, reaching $838.60. 1,951,695 shares of the company’s stock traded hands, compared to its average volume of 2,595,641. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average of $876.43 and a two-hundred day moving average of $751.52. The company has a market cap of $358.47 billion, a price-to-earnings ratio of 47.46, a PEG ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Equities analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insider Activity

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is currently owned by insiders.

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.