Canvas Wealth Advisors LLC Buys 66 Shares of Netflix, Inc. (NASDAQ:NFLX)

Canvas Wealth Advisors LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 566 shares of the Internet television network’s stock after purchasing an additional 66 shares during the period. Canvas Wealth Advisors LLC’s holdings in Netflix were worth $504,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. Enzi Wealth grew its stake in shares of Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after acquiring an additional 11 shares during the period. TCI Wealth Advisors Inc. lifted its holdings in Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after purchasing an additional 11 shares in the last quarter. Blossom Wealth Management boosted its position in shares of Netflix by 0.9% in the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock worth $1,112,000 after purchasing an additional 11 shares during the period. Everett Harris & Co. CA increased its stake in shares of Netflix by 1.3% in the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock worth $775,000 after purchasing an additional 11 shares in the last quarter. Finally, Beacon Financial Advisory LLC raised its position in shares of Netflix by 0.9% during the 4th quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock valued at $1,145,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.2 %

Shares of NASDAQ NFLX opened at $1,013.93 on Monday. The stock has a 50 day moving average price of $917.36 and a 200 day moving average price of $791.20. The firm has a market capitalization of $433.72 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,027.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.11 EPS. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 298,870 shares of company stock worth $285,287,314 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Wells Fargo & Company upped their price objective on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their target price on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and upped their price target for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Finally, Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.