Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Bernardo Wealth Planning LLC

Bernardo Wealth Planning LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 518 shares of the Internet television network’s stock after purchasing an additional 18 shares during the quarter. Bernardo Wealth Planning LLC’s holdings in Netflix were worth $434,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NFLX. ProVise Management Group LLC lifted its stake in Netflix by 29.3% during the second quarter. ProVise Management Group LLC now owns 508 shares of the Internet television network’s stock worth $343,000 after purchasing an additional 115 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Netflix by 9.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,227 shares of the Internet television network’s stock worth $6,228,000 after acquiring an additional 766 shares in the last quarter. AE Wealth Management LLC boosted its holdings in Netflix by 24.3% during the 2nd quarter. AE Wealth Management LLC now owns 10,466 shares of the Internet television network’s stock valued at $7,063,000 after acquiring an additional 2,044 shares during the period. Pacer Advisors Inc. grew its position in Netflix by 17.7% in the 2nd quarter. Pacer Advisors Inc. now owns 64,556 shares of the Internet television network’s stock valued at $43,568,000 after acquiring an additional 9,700 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Netflix by 26.6% during the second quarter. Thrivent Financial for Lutherans now owns 65,928 shares of the Internet television network’s stock worth $44,493,000 after purchasing an additional 13,848 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $858.10 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a fifty-two week low of $476.06 and a fifty-two week high of $941.75. The firm has a 50-day simple moving average of $884.58 and a 200-day simple moving average of $758.48. The company has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, equities research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NFLX. KeyCorp raised their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Jefferies Financial Group boosted their price target on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Morgan Stanley upped their price objective on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Needham & Company LLC lifted their target price on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Oppenheimer cut their price target on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $845.06.

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at approximately $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock worth $127,616,898 over the last 90 days. 1.76% of the stock is currently owned by insiders.

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.