AlTi Global Inc. Buys 326 Shares of Netflix, Inc. (NASDAQ:NFLX)

AlTi Global Inc. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,600 shares of the Internet television network's stock after purchasing an additional 326 shares during the quarter. AlTi Global Inc.'s holdings in Netflix were worth $1,403,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pathway Financial Advisers LLC increased its holdings in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the period. Transce3nd LLC bought a new position in shares of Netflix during the fourth quarter worth about $32,000. Newton One Investments LLC acquired a new stake in Netflix during the 4th quarter valued at approximately $34,000. Pineridge Advisors LLC lifted its stake in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC grew its position in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after buying an additional 16 shares during the period. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and set a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Sanford C. Bernstein raised shares of Netflix from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Rosenblatt Securities increased their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, Morgan Stanley boosted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,084.91.

Netflix Stock Up 0.3 %

NASDAQ:NFLX traded up $3.63 during mid-day trading on Tuesday, hitting $1,137.69. 3,223,067 shares of the company's stock were exchanged, compared to its average volume of 3,727,880. Netflix, Inc. has a one year low of $580.25 and a one year high of $1,159.44. The business has a fifty day moving average price of $971.22 and a 200 day moving average price of $923.56. The company has a market cap of $484.17 billion, a PE ratio of 57.37, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate 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 prior year, the firm posted $8.28 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the completion of the sale, the director now directly owns 394 shares in the company, valued at $446,421.70. The trade was a 98.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the completion of the sale, the chief financial officer now owns 3,691 shares in the company, valued at $4,179,614.58. This represents a 41.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,451 shares of company stock valued at $142,194,072. 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.