Foundations Investment Advisors LLC Buys 469 Shares of Netflix, Inc. (NASDAQ:NFLX)

Foundations Investment Advisors LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,601 shares of the Internet television network’s stock after purchasing an additional 469 shares during the period. Foundations Investment Advisors LLC’s holdings in Netflix were worth $4,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Resurgent Financial Advisors LLC lifted its holdings in shares of Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after acquiring an additional 708 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Netflix by 8.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock valued at $1,227,468,000 after acquiring an additional 110,432 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of Netflix in the 4th quarter valued at about $873,000. New England Research & Management Inc. lifted its holdings in shares of Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock valued at $1,979,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Netflix by 6.1% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network’s stock valued at $50,952,000 after acquiring an additional 3,137 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Jefferies Financial Group set a $1,500.00 price target on shares of Netflix and gave the company a “buy” rating in a report on Friday, July 18th. Macquarie raised their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Monday, April 21st. Moffett Nathanson reissued a “buy” rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. UBS Group reissued a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. Finally, Piper Sandler raised their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,297.66.

Netflix Stock Performance

Shares of NFLX stock opened at $1,174.60 on Tuesday. The firm has a market cap of $499.12 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 1.99 and a beta of 1.59. The company’s 50 day moving average is $1,236.10 and its 200 day moving average is $1,076.50. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the company posted $4.88 earnings per share. Netflix’s revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other news, Director Reed Hastings sold 9,673 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,329.11, for a total transaction of $12,856,481.03. Following the completion of the sale, the director owned 394 shares in the company, valued at approximately $523,669.34. This represents a 96.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Strive Masiyiwa sold 290 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total value of $387,596.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,408 shares of company stock worth $186,614,540. Company insiders own 1.37% of the company’s stock.

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.