Global Wealth Strategies & Associates Has $114,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

Global Wealth Strategies & Associates lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 30.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 128 shares of the Internet television network’s stock after purchasing an additional 30 shares during the period. Global Wealth Strategies & Associates’ holdings in Netflix were worth $114,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NFLX. State Street Corp lifted its stake in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the period. Geode Capital Management LLC raised its holdings in Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after purchasing an additional 123,029 shares during the last quarter. Jennison Associates LLC lifted its position in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Netflix by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after buying an additional 23,702 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of Netflix stock traded down $6.93 during trading on Thursday, hitting $884.39. 1,351,491 shares of the stock were exchanged, compared to its average volume of 3,583,552. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average price of $861.40 and a 200-day moving average price of $743.72. The stock has a market capitalization of $378.04 billion, a price-to-earnings ratio of 50.05, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 1-year low of $465.77 and a 1-year high of $941.75.

Netflix (NASDAQ:NFLX) last announced its quarterly 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 firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, equities analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NFLX shares. KeyCorp increased their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Guggenheim raised their price target on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Evercore ISI lifted their price objective on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Wedbush reissued an “outperform” rating and issued a $950.00 target price (up previously from $800.00) on shares of Netflix in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. boosted their target price on Netflix from $850.00 to $1,010.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. 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. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $807.70.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 114,893 shares of company stock worth $93,859,830. Company insiders own 1.76% of the company’s stock.

Netflix Profile

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.