FourThought Financial LLC Has $152,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

FourThought Financial LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 16.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 647 shares of the Internet television network’s stock after purchasing an additional 91 shares during the quarter. FourThought Financial LLC’s holdings in Netflix were worth $152,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Country Club Bank GFN increased its position in Netflix by 8.2% during the 3rd quarter. Country Club Bank GFN now owns 5,945 shares of the Internet television network’s stock worth $1,425,000 after purchasing an additional 451 shares in the last quarter. Gratus Capital LLC bought a new stake in Netflix during the 3rd quarter worth approximately $260,000. Bridgewater Associates LP grew its holdings in Netflix by 3,001.6% during the 2nd quarter. Bridgewater Associates LP now owns 124,840 shares of the Internet television network’s stock worth $21,831,000 after acquiring an additional 120,815 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Netflix by 37.6% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,811 shares of the Internet television network’s stock worth $1,132,000 after acquiring an additional 1,314 shares during the last quarter. Finally, United Asset Strategies Inc. bought a new stake in Netflix during the 3rd quarter worth approximately $208,000. 77.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NFLX. Barclays boosted their target price on shares of Netflix from $235.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, January 20th. StockNews.com began coverage on shares of Netflix in a report on Thursday. They set a “hold” rating on the stock. Piper Sandler boosted their target price on shares of Netflix from $270.00 to $325.00 and gave the stock a “neutral” rating in a report on Friday, January 20th. Robert W. Baird boosted their target price on shares of Netflix from $275.00 to $325.00 and gave the stock a “neutral” rating in a report on Friday, January 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 20th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $343.13.

Netflix Stock Performance

Shares of NFLX opened at $303.50 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day moving average price of $334.97 and a two-hundred day moving average price of $292.19. The firm has a market capitalization of $135.16 billion, a P/E ratio of 30.50, a P/E/G ratio of 1.37 and a beta of 1.26. Netflix, Inc. has a 52 week low of $162.71 and a 52 week high of $396.50.

Netflix (NASDAQ:NFLX – Get Rating) last issued its quarterly earnings data on Thursday, January 19th. The Internet television network reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.35). The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.85 billion. Netflix had a return on equity of 23.06% and a net margin of 14.21%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 earnings per share. Equities analysts forecast that Netflix, Inc. will post 11.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 3,698 shares of the business’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $352.94, for a total transaction of $1,305,172.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.39% of the company’s stock.

About Netflix

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Netflix, Inc engages in providing entertainment services. It also offers a broad set of activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.