Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Evoke Wealth LLC

Evoke Wealth LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,144 shares of the Internet television network’s stock after acquiring an additional 46 shares during the quarter. Evoke Wealth LLC’s holdings in Netflix were worth $3,694,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at about $25,000. Pathway Financial Advisers LLC raised its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares in the last quarter. Newton One Investments LLC bought a new position in Netflix during the 4th quarter valued at $34,000. MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the 3rd quarter valued at about $37,000. Finally, Pineridge Advisors LLC grew its holdings in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $950.02 on Tuesday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The business’s fifty day simple moving average is $952.40 and its 200-day simple moving average is $851.72. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $406.38 billion, a PE ratio of 47.91, a PEG ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the firm earned $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were 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 in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 30,485 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $981.92, for a total value of $29,933,831.20. Following the sale, the chairman now directly owns 394 shares of the company’s stock, valued at $386,876.48. The trade was a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock valued at $279,142,041 over the last quarter. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NFLX shares. Robert W. Baird boosted their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Macquarie increased their target price on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a report on Thursday, January 23rd. Needham & Company LLC raised their target price on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Bank of America upped their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.