456 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Braun Bostich & Associates Inc.

Braun Bostich & Associates Inc. purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 456 shares of the Internet television network’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Fairfield Bush & CO. increased its stake in shares of Netflix by 26.5% in the first quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock worth $916,000 after buying an additional 512 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Netflix by 21.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock worth $179,820,000 after buying an additional 84,179 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Netflix by 14.2% in the first quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock worth $1,094,000 after buying an additional 363 shares during the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of Netflix by 6.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock worth $13,610,000 after buying an additional 2,358 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Netflix by 13.1% during the first quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock valued at $1,426,000 after purchasing an additional 441 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $10.20 during trading hours on Thursday, hitting $628.78. 2,660,544 shares of the company’s stock traded hands, compared to its average volume of 4,300,048. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The company’s fifty day simple moving average is $599.12 and its two-hundred day simple moving average is $502.81. The company has a market cap of $272.11 billion, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 1.70 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same quarter last year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities analysts anticipate that Netflix, Inc. will post 17.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Netflix from $460.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Oppenheimer boosted their price target on shares of Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a report on Monday, March 11th. The Goldman Sachs Group boosted their price target on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Piper Sandler boosted their price target on shares of Netflix from $475.00 to $550.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Macquarie raised shares of Netflix from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $410.00 to $595.00 in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $592.42.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,181,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is currently owned by corporate insiders.

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.