Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Ethic Inc.

Ethic Inc. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 34,423 shares of the Internet television network’s stock after acquiring an additional 1,593 shares during the period. Netflix accounts for 0.5% of Ethic Inc.’s holdings, making the stock its 25th biggest position. Ethic Inc.’s holdings in Netflix were worth $16,760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. KFA Private Wealth Group LLC lifted its stake in shares of Netflix by 1.9% in the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after acquiring an additional 18 shares in the last quarter. Legacy Capital Group California Inc. raised its stake in Netflix by 0.6% during the fourth quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock valued at $1,379,000 after buying an additional 18 shares in the last quarter. Founders Financial Alliance LLC raised its stake in Netflix by 2.4% during the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after buying an additional 18 shares in the last quarter. Addison Advisors LLC raised its stake in Netflix by 7.8% during the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after buying an additional 20 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC raised its stake in Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock valued at $635,000 after buying an additional 21 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

NASDAQ NFLX traded down $1.85 on Tuesday, reaching $642.65. 741,953 shares of the stock traded hands, compared to its average volume of 4,070,603. The firm’s fifty day simple moving average is $613.06 and its 200 day simple moving average is $564.70. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a market cap of $276.98 billion, a price-to-earnings ratio of 44.70, a P/E/G ratio of 1.39 and a beta of 1.26. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $664.25.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the prior year, the firm earned $2.88 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating and set a $713.00 price objective (up previously from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Morgan Stanley upped their price objective on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $585.00 target price (down from $720.00) on shares of Netflix in a report on Friday, April 19th. Wells Fargo & Company upped their target price on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Piper Sandler upped their target price on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $632.00.

Insider Activity

In other news, insider David A. Hyman sold 268 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 19,943 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at $36,114.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 268 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $18,764,328.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,994 shares of company stock worth $42,036,266. Insiders own 1.76% of the company’s stock.

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.