Ameriflex Group Inc. Buys Shares of 743 Netflix, Inc. (NASDAQ:NFLX)

Ameriflex Group Inc. purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 743 shares of the Internet television network's stock, valued at approximately $726,000.

A number of other institutional investors also recently bought and sold shares of the business. United Advisor Group LLC grew its stake in shares of Netflix by 11.9% during the 4th quarter. United Advisor Group LLC now owns 939 shares of the Internet television network's stock worth $837,000 after purchasing an additional 100 shares during the period. Sunbeam Capital Management LLC acquired a new stake in shares of Netflix during the 4th quarter worth approximately $414,000. Ascent Group LLC grew its stake in shares of Netflix by 1.6% during the 4th quarter. Ascent Group LLC now owns 5,089 shares of the Internet television network's stock worth $4,536,000 after purchasing an additional 80 shares during the period. WNY Asset Management LLC acquired a new stake in shares of Netflix during the 4th quarter worth approximately $237,000. Finally, Putney Financial Group LLC acquired a new stake in shares of Netflix during the 4th quarter worth approximately $343,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $3,624,746.55. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,868 shares of company stock valued at $138,483,256. 1.37% of the stock is owned by company insiders.

Netflix Price Performance

Shares of Netflix stock traded up $26.18 during trading hours on Tuesday, reaching $1,211.57. 2,916,636 shares of the company's stock were exchanged, compared to its average volume of 3,754,011. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,211.79. The company has a market capitalization of $515.61 billion, a P/E ratio of 61.10, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The business has a fifty day moving average of $1,040.74 and a two-hundred day moving average of $965.67. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on NFLX. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Finally, Canaccord Genuity Group raised their price objective on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,102.79.

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.