Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,665 shares of the Internet television network’s stock after acquiring an additional 310 shares during the period. Diversify Wealth Management LLC’s holdings in Netflix were worth $2,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LVW Advisors LLC increased its position in Netflix by 0.9% during the fourth quarter. LVW Advisors LLC now owns 1,630 shares of the Internet television network’s stock worth $1,453,000 after purchasing an additional 15 shares during the last quarter. City Holding Co. increased its holdings in shares of Netflix by 29.5% during the 4th quarter. City Holding Co. now owns 2,873 shares of the Internet television network’s stock worth $2,561,000 after buying an additional 654 shares during the last quarter. Grove Bank & Trust raised its position in shares of Netflix by 5.3% during the 4th quarter. Grove Bank & Trust now owns 4,215 shares of the Internet television network’s stock valued at $3,757,000 after buying an additional 213 shares during the period. Brady Martz Wealth Solutions LLC acquired a new position in Netflix in the fourth quarter valued at approximately $883,000. Finally, Bernardo Wealth Planning LLC grew its position in Netflix by 3.6% in the fourth quarter. Bernardo Wealth Planning LLC now owns 518 shares of the Internet television network’s stock worth $434,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 1.9 %

Shares of NASDAQ NFLX opened at $858.10 on Tuesday. The business has a 50-day moving average price of $884.58 and a 200 day moving average price of $759.58. The stock has a market cap of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.35 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, Inc. has a 52-week low of $476.06 and a 52-week high of $941.75.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Loop Capital cut their price objective on Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Macquarie lifted their price target on shares of Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Jefferies Financial Group upped their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Evercore ISI increased their price objective on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $845.06.

Insider Transactions at Netflix

In related news, 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 value of $8,405,776.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at $185,976. This represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,198 shares of company stock worth $127,616,898. Insiders own 1.76% of the company’s stock.

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.