Bard Financial Services Inc. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, Holdings Channel reports. The fund bought 830 shares of the Internet television network’s stock, valued at approximately $449,000.
Several other hedge funds also recently made changes to their positions in NFLX. Rollins Financial bought a new stake in Netflix in the 4th quarter valued at about $290,000. IronBridge Private Wealth LLC bought a new stake in Netflix in the 4th quarter valued at about $4,708,000. Mach 1 Financial Group Inc. bought a new stake in Netflix in the 4th quarter valued at about $151,000. Curi Capital bought a new stake in Netflix in the 4th quarter valued at about $38,000. Finally, Baron Silver Stevens Financial Advisors LLC bought a new stake in Netflix in the 4th quarter valued at about $153,000. 79.71% of the stock is owned by institutional investors and hedge funds.
In related news, Director Jay C. Hoag sold 974 shares of the company’s stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $548.93, for a total value of $534,657.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag sold 3,578 shares of the company’s stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $553.16, for a total transaction of $1,979,206.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,028 shares of company stock valued at $2,782,466. 3.40% of the stock is owned by corporate insiders.
Shares of NFLX opened at $554.58 on Friday. The business has a 50-day moving average of $526.66 and a 200 day moving average of $517.23. Netflix, Inc. has a fifty-two week low of $363.03 and a fifty-two week high of $593.29. The firm has a market cap of $245.62 billion, a P/E ratio of 89.45, a price-to-earnings-growth ratio of 1.86 and a beta of 0.92. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.24 and a current ratio of 1.24.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, January 18th. The Internet television network reported $1.19 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.19). Netflix had a return on equity of 31.48% and a net margin of 11.78%. The company had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the prior year, the business earned $1.30 EPS. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 6.27 earnings per share for the current fiscal year.
A number of research firms recently issued reports on NFLX. TheStreet upgraded shares of Netflix from a “c+” rating to a “b” rating in a research report on Tuesday, December 22nd. Truist lifted their target price on Netflix from $560.00 to $630.00 in a report on Wednesday, January 20th. Canaccord Genuity lifted their target price on Netflix from $630.00 to $670.00 and gave the stock a “buy” rating in a report on Wednesday, January 20th. DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $650.00 target price on the stock in a report on Thursday, January 21st. Finally, Argus raised Netflix from a “hold” rating to a “buy” rating and set a $650.00 target price on the stock in a report on Monday, March 29th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $587.45.
Netflix Profile
Netflix, Inc provides entertainment services. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.
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