San Luis Wealth Advisors LLC Acquires New Position in Netflix, Inc. (NASDAQ:NFLX)

San Luis Wealth Advisors LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 461 shares of the Internet television network’s stock, valued at approximately $411,000.

Other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. grew its holdings in shares of Netflix by 11.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,142 shares of the Internet television network’s stock worth $2,795,000 after purchasing an additional 431 shares during the period. One Capital Management LLC lifted its position in Netflix by 11.6% in the second quarter. One Capital Management LLC now owns 2,703 shares of the Internet television network’s stock valued at $1,824,000 after buying an additional 280 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in Netflix by 100.5% during the second quarter. Citizens Financial Group Inc. RI now owns 5,758 shares of the Internet television network’s stock worth $3,886,000 after buying an additional 2,886 shares during the period. WealthPLAN Partners LLC increased its position in shares of Netflix by 7.6% during the second quarter. WealthPLAN Partners LLC now owns 943 shares of the Internet television network’s stock valued at $636,000 after acquiring an additional 67 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. purchased a new stake in shares of Netflix in the 2nd quarter valued at approximately $222,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock valued at $131,030,268 in the last three months. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Down 1.4 %

NFLX stock opened at $828.40 on Wednesday. The stock has a market cap of $354.11 billion, a P/E ratio of 46.88, a PEG ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $475.26 and a twelve month high of $941.75. The company’s 50 day moving average is $881.04 and its two-hundred day moving average is $755.96.

Netflix (NASDAQ:NFLX) last announced its quarterly 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. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Wedbush restated an “outperform” rating and set a $950.00 price target (up from $800.00) on shares of Netflix in a research note on Monday, November 18th. Piper Sandler lifted their price objective on Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research note on Tuesday. Loop Capital downgraded Netflix from a “buy” rating to a “hold” rating and boosted their price objective for the company from $800.00 to $950.00 in a report on Monday, December 16th. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Two 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $846.58.

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.