Visionary Wealth Advisors Raises Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Visionary Wealth Advisors grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,120 shares of the Internet television network’s stock after buying an additional 89 shares during the period. Visionary Wealth Advisors’ holdings in Netflix were worth $999,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NFLX. Vivaldi Capital Management LP lifted its stake in Netflix by 2.9% in the fourth quarter. Vivaldi Capital Management LP now owns 853 shares of the Internet television network’s stock valued at $829,000 after buying an additional 24 shares during the last quarter. Triglav Skladi D.O.O. purchased a new position in shares of Netflix during the fourth quarter worth approximately $33,005,000. Twinbeech Capital LP acquired a new position in shares of Netflix in the 4th quarter valued at $21,558,000. Two Sigma Advisers LP raised its position in Netflix by 935.7% in the 4th quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network’s stock valued at $411,701,000 after purchasing an additional 417,300 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Netflix by 49.8% in the 4th quarter. Two Sigma Investments LP now owns 279,677 shares of the Internet television network’s stock valued at $249,282,000 after purchasing an additional 92,935 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NFLX shares. Needham & Company LLC restated a “buy” rating and issued a $1,126.00 price objective on shares of Netflix in a research note on Thursday, April 17th. UBS Group lowered their price target on Netflix from $1,150.00 to $1,140.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Cfra Research raised Netflix to a “strong-buy” rating in a research note on Monday, April 28th. Phillip Securities raised Netflix from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 21st. Finally, FBN Securities initiated coverage on Netflix in a report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 target price on the stock. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,102.79.

Netflix Stock Up 0.0%

NFLX opened at $1,192.02 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $507.29 billion, a price-to-earnings ratio of 60.11, a PEG ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,196.50. The business’s fifty day moving average is $1,020.82 and its two-hundred day moving average is $952.98.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the firm earned $8.28 EPS. Analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the transaction, the director now owns 7,969 shares of the company’s stock, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 1,358 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock valued at $138,483,256 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

About Netflix

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.