Arkadios Wealth Advisors Acquires 231 Shares of Netflix, Inc. (NASDAQ:NFLX)

Arkadios Wealth Advisors lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,637 shares of the Internet television network’s stock after buying an additional 231 shares during the period. Arkadios Wealth Advisors’ holdings in Netflix were worth $3,242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Netflix in the fourth quarter worth $43,000. MidAtlantic Capital Management Inc. bought a new stake in Netflix during the 3rd quarter valued at $37,000. Finally, FSA Wealth Management LLC purchased a new stake in Netflix during the 3rd quarter valued at $38,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NFLX shares. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. JPMorgan Chase & Co. lowered their price target on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Wedbush reiterated an “outperform” rating and issued a $950.00 price objective (up from $800.00) on shares of Netflix in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft upped their target price on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $680.00 price target on shares of Netflix in a report on Thursday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $845.06.

Insiders Place Their Bets

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,198 shares of company stock valued at $127,616,898. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $858.10 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. The stock has a 50-day moving average of $883.32 and a 200 day moving average of $757.20. Netflix, Inc. has a one year low of $476.06 and a one year high of $941.75.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share 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 net margin of 20.70% and a return on equity of 35.86%. On average, sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current 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.