Diversify Wealth Management LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Diversify Wealth Management LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,665 shares of the Internet television network’s stock after acquiring an additional 310 shares during the period. Diversify Wealth Management LLC’s holdings in Netflix were worth $2,233,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. 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 valued at $44,493,000 after purchasing an additional 13,848 shares in the last quarter. Epoch Investment Partners Inc. lifted its stake in Netflix by 27.1% in the second quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network’s stock worth $367,000 after acquiring an additional 116 shares during the period. Edge Capital Group LLC grew its holdings in Netflix by 4.8% during the 2nd quarter. Edge Capital Group LLC now owns 1,737 shares of the Internet television network’s stock worth $1,172,000 after acquiring an additional 79 shares in the last quarter. Certified Advisory Corp grew its holdings in Netflix by 7.4% during the 2nd quarter. Certified Advisory Corp now owns 1,156 shares of the Internet television network’s stock worth $780,000 after acquiring an additional 80 shares in the last quarter. Finally, HighVista Strategies LLC purchased a new position in Netflix during the 2nd quarter valued at about $1,215,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Sanford C. Bernstein upped their price objective on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Rosenblatt Securities reiterated a “neutral” rating and set a $680.00 price objective on shares of Netflix in a research note on Thursday, January 16th. Pivotal Research increased their target price on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Piper Sandler upped their price target on Netflix from $840.00 to $950.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Finally, Argus boosted their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $845.06.

Insider Activity at Netflix

In other news, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at $185,976. The trade was a 95.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Up 1.9 %

Shares of NASDAQ NFLX opened at $858.10 on Tuesday. The firm has a market cap of $366.80 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company’s 50-day simple moving average is $884.58 and its 200-day simple moving average is $759.58. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52-week low of $476.06 and a 52-week high of $941.75.

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.