Greenwich Wealth Management LLC Buys 55 Shares of Netflix, Inc. (NASDAQ:NFLX)

Greenwich Wealth Management LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 654 shares of the Internet television network’s stock after purchasing an additional 55 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Netflix were worth $583,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC raised its stake 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 valued at $27,000 after purchasing an additional 14 shares during the period. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth about $25,000. Newton One Investments LLC bought a new position in Netflix in the 4th quarter worth about $34,000. Pineridge Advisors LLC increased its stake in 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. Finally, Princeton Global Asset Management LLC increased its stake in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after acquiring an additional 16 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a research note on Thursday, January 23rd. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Bank of America upped their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Pivotal Research upped their price objective on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Arete Research upgraded Netflix to a “hold” rating in a report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,014.26.

Insider Buying and Selling at Netflix

In other news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on 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 in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 approximately $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 288,103 shares of company stock worth $279,142,041. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $918.00 on Friday. The business’s fifty day simple moving average is $951.04 and its two-hundred day simple moving average is $848.74. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a market cap of $392.68 billion, a price-to-earnings ratio of 46.29, a P/E/G 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 the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the business posted $2.11 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.