Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Bernardo Wealth Planning LLC

Bernardo Wealth Planning LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 518 shares of the Internet television network’s stock after purchasing an additional 18 shares during the quarter. Bernardo Wealth Planning LLC’s holdings in Netflix were worth $434,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ProVise Management Group LLC grew its stake in Netflix by 29.3% during the 2nd quarter. ProVise Management Group LLC now owns 508 shares of the Internet television network’s stock valued at $343,000 after purchasing an additional 115 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Netflix by 9.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,227 shares of the Internet television network’s stock valued at $6,228,000 after buying an additional 766 shares during the last quarter. AE Wealth Management LLC boosted its position in Netflix by 24.3% in the second quarter. AE Wealth Management LLC now owns 10,466 shares of the Internet television network’s stock valued at $7,063,000 after buying an additional 2,044 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Netflix by 17.7% in the 2nd quarter. Pacer Advisors Inc. now owns 64,556 shares of the Internet television network’s stock worth $43,568,000 after buying an additional 9,700 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Netflix by 26.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 65,928 shares of the Internet television network’s stock worth $44,493,000 after buying an additional 13,848 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now directly owns 246 shares in the company, valued at $185,976. The trade was a 95.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at $64,435.10. This represents a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock worth $127,616,898 in the last three months. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on NFLX. Guggenheim upped their price objective on shares of Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a report on Monday, January 13th. Sanford C. Bernstein increased their price target on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Benchmark boosted their price objective on Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a report on Friday, January 3rd. Wedbush reaffirmed an “outperform” rating and set a $950.00 target price (up from $800.00) on shares of Netflix in a report on Monday, November 18th. Finally, Needham & Company LLC boosted their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $845.06.

Netflix Stock Up 1.9 %

NFLX stock opened at $858.10 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $884.58 and a two-hundred day moving average of $758.48. Netflix, Inc. has a 12 month low of $476.06 and a 12 month high of $941.75. The company has a market cap of $366.80 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27.

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

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.