Talon Private Wealth LLC Invests $253,000 in Netflix, Inc. (NASDAQ:NFLX)

Talon Private Wealth LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 284 shares of the Internet television network's stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pathway Financial Advisers LLC raised its holdings in shares of 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 purchasing an additional 14 shares during the period. Transce3nd LLC bought a new stake in Netflix in the fourth quarter valued at approximately $32,000. Newton One Investments LLC acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC boosted its stake in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC raised its stake in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after acquiring an additional 16 shares during the period. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Argus raised their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Morgan Stanley upped their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, 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. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,084.91.

Netflix Trading Up 2.0 %

NASDAQ NFLX traded up $23.02 during trading hours on Friday, reaching $1,156.49. The company's stock had a trading volume of 3,766,329 shares, compared to its average volume of 3,722,034. The firm has a fifty day simple moving average of $968.34 and a 200-day simple moving average of $917.85. 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, Inc. has a 52 week low of $580.25 and a 52 week high of $1,159.44. The stock has a market cap of $492.17 billion, a P/E ratio of 58.32, a P/E/G ratio of 2.12 and a beta of 1.55.

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

Insider Transactions at Netflix

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold 182,759 shares of company stock worth $186,744,388 over the last ninety days. 1.76% of the stock is owned by 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.