Ritholtz Wealth Management Purchases 200 Shares of Netflix, Inc. (NASDAQ:NFLX)

Ritholtz Wealth Management boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,021 shares of the Internet television network’s stock after purchasing an additional 200 shares during the quarter. Ritholtz Wealth Management’s holdings in Netflix were worth $5,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT increased its stake in shares of Netflix by 55.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 1,556 shares of the Internet television network’s stock valued at $1,050,000 after acquiring an additional 553 shares during the last quarter. Argent Trust Co increased its stake in shares of Netflix by 14.7% in the 2nd quarter. Argent Trust Co now owns 2,992 shares of the Internet television network’s stock valued at $2,019,000 after acquiring an additional 383 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its stake in shares of Netflix by 187.6% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 440 shares of the Internet television network’s stock valued at $297,000 after acquiring an additional 287 shares during the last quarter. Intrepid Financial Planning Group LLC bought a new stake in shares of Netflix in the 2nd quarter valued at about $218,000. Finally, MRP Capital Investments LLC bought a new stake in shares of Netflix in the 2nd quarter valued at about $769,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now owns 246 shares in the company, valued at approximately $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Reed Hastings sold 35,868 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at $101,241.12. The trade was a 99.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,198 shares of company stock worth $127,616,898. Company insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.7 %

NFLX opened at $842.37 on Friday. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. 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 $360.08 billion, a P/E ratio of 47.67, a P/E/G ratio of 1.35 and a beta of 1.27. The stock has a fifty day moving average of $882.41 and a 200-day moving average of $756.61.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, equities analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of several research analyst reports. Bank of America boosted their price objective on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Evercore ISI boosted their price objective on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Sanford C. Bernstein boosted their price objective on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Macquarie boosted their price objective on Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Needham & Company LLC boosted their price objective on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $845.06.

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.