Brucke Financial Inc. Buys Shares of 771 Netflix, Inc. (NASDAQ:NFLX)

Brucke Financial Inc. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 771 shares of the Internet television network's stock, valued at approximately $753,000.

Several other hedge funds have also bought and sold shares of NFLX. Capital & Planning LLC bought a new stake in shares of Netflix in the fourth quarter valued at approximately $809,000. Brighton Jones LLC grew its stake in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after buying an additional 257 shares in the last quarter. Accel Wealth Management bought a new stake in Netflix during the 4th quarter valued at $219,000. Cyndeo Wealth Partners LLC lifted its position in shares of Netflix by 6.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 1,842 shares of the Internet television network's stock worth $1,642,000 after acquiring an additional 111 shares in the last quarter. Finally, Grimes & Company Inc. boosted its holdings in shares of Netflix by 4.9% in the fourth quarter. Grimes & Company Inc. now owns 362 shares of the Internet television network's stock worth $323,000 after acquiring an additional 17 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of analyst reports. Guggenheim reiterated a "buy" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Pivotal Research increased their price target on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Benchmark restated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Finally, Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the stock an "overweight" rating in a report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,102.79.

Insider Activity

In other Netflix 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 transaction of $160,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Monday, March 3rd. The stock was 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 owns 3,691 shares of the company's stock, valued at $3,624,746.55. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock valued at $138,483,256 over the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Up 2.2%

Shares of NASDAQ NFLX traded up $26.18 during midday trading on Tuesday, hitting $1,211.57. The stock had a trading volume of 2,916,636 shares, compared to its average volume of 3,754,011. The business's 50 day moving average is $1,040.74 and its 200-day moving average is $965.67. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,211.79. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $515.61 billion, a P/E ratio of 61.10, a PEG ratio of 2.12 and a beta of 1.58.

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 for the quarter, topping 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 company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the business earned $8.28 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

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.