Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Breakwater Capital Group

Breakwater Capital Group raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 547 shares of the Internet television network’s stock after buying an additional 38 shares during the quarter. Breakwater Capital Group’s holdings in Netflix were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Netflix in the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC bought a new position in Netflix in the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix in the 3rd quarter valued at approximately $40,000. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

NASDAQ NFLX opened at $828.40 on Wednesday. The company has a 50 day moving average price of $881.04 and a two-hundred day moving average price of $755.96. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The stock has a market capitalization of $354.11 billion, a PE ratio of 46.88, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NFLX. Piper Sandler increased their price target on Netflix from $840.00 to $950.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wedbush reiterated an “outperform” rating and issued a $950.00 target price (up previously from $800.00) on shares of Netflix in a research report on Monday, November 18th. Bank of America raised their target price on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. UBS Group upped their price target on shares of Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $841.27.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated 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 directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is owned by insiders.

Netflix Company 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.