AmeriServ Wealth Advisors Acquires New Stake in Netflix, Inc. (NASDAQ:NFLX)

AmeriServ Wealth Advisors purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 347 shares of the Internet television network's stock, valued at approximately $309,000.

Several other institutional investors have also added to or reduced their stakes in NFLX. Nordea Investment Management AB boosted its holdings in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after purchasing an additional 156,958 shares in the last quarter. First National Trust Co grew its position in Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after acquiring an additional 12 shares during the last quarter. Haven Private LLC acquired a new position in Netflix during the fourth quarter worth about $733,000. Sigma Planning Corp lifted its holdings in shares of Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after acquiring an additional 386 shares during the last quarter. Finally, Quilter Plc boosted its stake in shares of Netflix by 8.2% in the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock valued at $128,133,000 after purchasing an additional 10,946 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on NFLX shares. JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,025.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Wedbush restated an "outperform" rating and set a $1,200.00 price objective on shares of Netflix in a research report on Monday. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Piper Sandler set a $1,150.00 price target on Netflix and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective for the company in a research note on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,084.91.

Netflix Stock Performance

NFLX stock traded up $3.63 during mid-day trading on Tuesday, hitting $1,137.69. The company had a trading volume of 3,219,123 shares, compared to its average volume of 3,727,761. 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 firm has a market cap of $484.17 billion, a PE ratio of 57.37, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 12 month low of $580.25 and a 12 month high of $1,159.44. The stock's fifty day moving average price is $971.22 and its two-hundred day moving average price is $923.56.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the business posted $8.28 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 685 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total value of $691,555.45. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,726,322.87. The trade was a 15.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,434 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,015.00, for a total transaction of $4,500,510.00. Following the transaction, the chief executive officer now owns 12,950 shares of the company's stock, valued at $13,144,250. This represents a 25.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,451 shares of company stock worth $142,194,072 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

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.