Adell Harriman & Carpenter Inc. Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Adell Harriman & Carpenter Inc. raised its position in Netflix, Inc. (NASDAQ:NFLX) by 5.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,556 shares of the Internet television network’s stock after purchasing an additional 75 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Netflix were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NFLX. Intrust Bank NA lifted its stake in Netflix by 1.9% in the 4th quarter. Intrust Bank NA now owns 3,332 shares of the Internet television network’s stock valued at $1,622,000 after buying an additional 63 shares in the last quarter. EWA LLC bought a new stake in shares of Netflix during the 4th quarter valued at about $203,000. Naviter Wealth LLC boosted its stake in shares of Netflix by 15.3% during the 4th quarter. Naviter Wealth LLC now owns 2,315 shares of the Internet television network’s stock worth $1,127,000 after acquiring an additional 308 shares in the last quarter. Bluesphere Advisors LLC lifted its position in Netflix by 0.9% during the 4th quarter. Bluesphere Advisors LLC now owns 5,137 shares of the Internet television network’s stock worth $2,501,000 after acquiring an additional 45 shares during the last quarter. Finally, Birchcreek Wealth Management LLC lifted its position in shares of Netflix by 3.5% in the 4th quarter. Birchcreek Wealth Management LLC now owns 1,299 shares of the Internet television network’s stock worth $632,000 after acquiring an additional 44 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on NFLX shares. Morgan Stanley upped their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Jefferies Financial Group raised their price target on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. Piper Sandler upped their target price on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. The Goldman Sachs Group lifted their price target on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company boosted their price target on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Stock Down 0.8 %

NFLX traded down $4.23 during midday trading on Tuesday, reaching $555.26. The company’s stock had a trading volume of 515,890 shares, compared to its average volume of 4,443,434. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00. The stock’s 50-day moving average is $604.05 and its 200-day moving average is $522.96. The firm has a market capitalization of $239.26 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 1.37 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same period last year, the business earned $2.88 EPS. Netflix’s revenue was up 14.8% compared to the same quarter last year. As a group, research analysts expect that Netflix, Inc. will post 18.13 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 20,734 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total transaction of $11,759,495.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Chairman Reed Hastings sold 20,734 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $567.16, for a total value of $11,759,495.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,573 shares of company stock worth $89,548,241. Insiders own 1.76% of the company’s stock.

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.