TrinityPoint Wealth LLC Buys Shares of 343 Netflix, Inc. (NASDAQ:NFLX)

TrinityPoint Wealth LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 343 shares of the Internet television network's stock, valued at approximately $306,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pathway Financial Advisers LLC lifted its stake in Netflix by 82.4% during the fourth 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 in the last quarter. Transce3nd LLC acquired a new stake in shares of Netflix during the fourth quarter valued at approximately $32,000. Newton One Investments LLC acquired a new stake in shares of Netflix during the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC lifted its position 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 acquiring an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Trading Up 0.2%

Shares of NASDAQ NFLX traded up $2.61 during trading on Wednesday, reaching $1,194.63. The company had a trading volume of 2,969,681 shares, compared to its average volume of 3,754,513. The stock has a market cap of $508.40 billion, a P/E ratio of 60.24, a PEG ratio of 2.12 and a beta of 1.58. The company's fifty day moving average price is $1,020.82 and its 200-day moving average price is $952.98. 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, Inc. has a 12 month low of $587.04 and a 12 month high of $1,210.94.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the business posted $8.28 earnings per share. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NFLX shares. FBN Securities initiated coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target for the company. Citigroup reissued a "neutral" rating on shares of Netflix in a research report on Monday, May 5th. Bank of America upped their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $1,126.00 target price on shares of Netflix in a report on Thursday, April 17th. Finally, Oppenheimer reissued an "outperform" rating and set a $1,200.00 target price (up previously from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,102.79.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of Netflix stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the sale, the insider now owns 31,610 shares in the company, valued at $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,868 shares of company stock worth $138,483,256. 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.