Lineweaver Wealth Advisors LLC Has $1.18 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Lineweaver Wealth Advisors LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,321 shares of the Internet television network’s stock after selling 56 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Netflix were worth $1,177,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NFLX. Allegiance Financial Group Advisory Services LLC purchased a new stake in shares of Netflix in the fourth quarter valued at $207,000. Nwam LLC raised its position in Netflix by 4.1% during the fourth quarter. Nwam LLC now owns 3,997 shares of the Internet television network’s stock valued at $3,563,000 after buying an additional 159 shares during the period. Heritage Investors Management Corp lifted its stake in Netflix by 0.9% in the 4th quarter. Heritage Investors Management Corp now owns 1,381 shares of the Internet television network’s stock worth $1,231,000 after acquiring an additional 12 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Netflix during the 4th quarter worth about $476,000. Finally, NewEdge Wealth LLC grew its stake in Netflix by 3.5% during the 4th quarter. NewEdge Wealth LLC now owns 17,438 shares of the Internet television network’s stock valued at $15,543,000 after acquiring an additional 593 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NFLX shares. Macquarie increased their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Bank of America raised their price target on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Arete Research raised Netflix to a “hold” rating in a research note on Thursday, January 23rd. Finally, Pivotal Research raised their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. The trade was a 27.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 303,220 shares of company stock valued at $289,856,164 over the last quarter. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

NFLX opened at $990.06 on Thursday. The stock’s 50 day simple moving average is $945.07 and its 200-day simple moving average is $827.46. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $423.51 billion, a PE ratio of 49.93, a P/E/G ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

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

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.