PCA Investment Advisory Services Inc. Acquires 20 Shares of Netflix, Inc. (NASDAQ:NFLX)

PCA Investment Advisory Services Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 455 shares of the Internet television network’s stock after acquiring an additional 20 shares during the quarter. PCA Investment Advisory Services Inc.’s holdings in Netflix were worth $406,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. DigitalBridge Group Inc. increased its stake in Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after purchasing an additional 9,451 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after buying an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after buying an additional 29,726 shares in the last quarter. Natixis Advisors LLC raised its stake in Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after buying an additional 11,921 shares during the period. Finally, M&T Bank Corp raised its stake in Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after buying an additional 1,684 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the 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 sale, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,742 shares of company stock valued at $131,030,268 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $840.29 on Tuesday. The company has a 50-day simple moving average of $879.75 and a 200 day simple moving average of $754.88. 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 $359.19 billion, a price-to-earnings ratio of 47.55, a PEG ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75.

Netflix (NASDAQ:NFLX) last announced 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. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, sell-side analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price target on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a report on Friday. Guggenheim boosted their price objective on Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a research report on Monday. Needham & Company LLC raised their target price on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and issued a $840.00 price target (up previously from $800.00) on shares of Netflix in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $832.94.

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.