Balboa Wealth Partners Has $1.23 Million Stake in Netflix, Inc. (NASDAQ:NFLX)
Balboa Wealth Partners reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 37.1% in Q4, now holding 1,382 shares valued at $1.23 million. Other investors also adjusted their positions, with significant increases and new acquisitions. Analyst ratings for Netflix have improved, with several brokerages raising price targets. The stock opened at $919.68, with a 1-year range of $542.01 to $1,064.50. Netflix reported strong earnings, exceeding estimates, and analysts expect continued growth in earnings per share for the current year.
Balboa Wealth Partners trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 37.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,382 shares of the Internet television network's stock after selling 815 shares during the quarter. Balboa Wealth Partners' holdings in Netflix were worth $1,232,000 at the end of the most recent reporting period.
- There's Room to Chase These 3 Stocks Trading Near 52-Week Highs
Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the third quarter valued at $25,000. Pathway Financial Advisers LLC raised its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Newton One Investments LLC bought a new stake in Netflix in the fourth quarter valued at $34,000. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the third quarter valued at $37,000. Finally, Pineridge Advisors LLC grew its position in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have weighed in on NFLX. Macquarie upped their price target on Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Bank of America upped their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a "neutral" rating to a "buy" rating and upped their price target for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Evercore ISI upped their price target on Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Barclays upgraded Netflix from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average price target of $1,014.26.
- These Are the 3 Stocks Most Likely to Split in 2025
Check Out Our Latest Stock Analysis on Netflix
Netflix Trading Up 2.7 %
NASDAQ:NFLX opened at $919.68 on Thursday. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The business's 50-day moving average price is $950.23 and its two-hundred day moving average price is $845.78. 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 firm has a market capitalization of $393.40 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 2.12 and a beta of 1.38.
- 3 Stocks Upgraded by Bank of America – Here's Why They're Bullish
Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the firm posted $2.11 earnings per share. The company's quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.
Insider Buying and Selling at Netflix
In other news, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the firm's stock in a transaction dated 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 directly owns 12,950 shares in the company, valued at approximately $13,338,500. This represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is currently owned by company insiders.
Netflix Profile
(Free Report)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.
Recommended Stories
- Five stocks we like better than Netflix
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Ramaco Resources Pins Hopes on Coal's Untapped Potential
- What is a buyback in stocks? A comprehensive guide for investors
- NVIDIA’s Soaring Energy Needs Make These 3 Nuclear Stocks a Buy
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Why Energy Transfer Belongs on Your Watchlist
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Netflix Right Now?
Before you consider Netflix, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Netflix wasn't on the list.
While Netflix currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
