Mindset Wealth Management LLC Has $554,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Mindset Wealth Management LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 621 shares of the Internet television network’s stock after acquiring an additional 66 shares during the quarter. Mindset Wealth Management LLC’s holdings in Netflix were worth $554,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. 1620 Investment Advisors Inc. raised its position in shares of Netflix by 214.3% in the fourth quarter. 1620 Investment Advisors Inc. now owns 88 shares of the Internet television network’s stock valued at $78,000 after purchasing an additional 60 shares during the period. MRP Capital Investments LLC raised its position in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock valued at $938,000 after purchasing an additional 10 shares during the period. Wayfinding Financial LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $679,000. TD Private Client Wealth LLC raised its position in shares of Netflix by 30.3% in the fourth quarter. TD Private Client Wealth LLC now owns 5,109 shares of the Internet television network’s stock valued at $4,554,000 after purchasing an additional 1,188 shares during the period. Finally, One Charles Private Wealth Services LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $260,000. Institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock worth $279,142,041 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Trading Down 0.9 %

Shares of Netflix stock opened at $950.84 on Friday. The business has a fifty day simple moving average of $956.63 and a two-hundred day simple moving average of $854.74. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The company has a market capitalization of $406.73 billion, a price-to-earnings ratio of 47.95, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.11 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. UBS Group reaffirmed a “buy” rating on shares of Netflix in a research report on Monday, March 10th. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a research report on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,016.78.

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.