1,897 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Alpha Paradigm Partners LLC

Posted by on Mar 15th, 2023

Alpha Paradigm Partners LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,897 shares of the Internet television network’s stock, valued at approximately $447,000.

Several other institutional investors have also recently made changes to their positions in NFLX. CIBC Private Wealth Group LLC boosted its stake in Netflix by 16.8% during the third quarter. CIBC Private Wealth Group LLC now owns 57,343 shares of the Internet television network’s stock valued at $13,501,000 after buying an additional 8,235 shares during the last quarter. Capstone Financial Advisors Inc. bought a new position in Netflix during the third quarter valued at approximately $213,000. Claraphi Advisory Network LLC bought a new stake in shares of Netflix in the 3rd quarter valued at approximately $273,000. Clearstead Advisors LLC lifted its stake in shares of Netflix by 4.2% in the 3rd quarter. Clearstead Advisors LLC now owns 1,017 shares of the Internet television network’s stock valued at $239,000 after purchasing an additional 41 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its stake in shares of Netflix by 11.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 2,210 shares of the Internet television network’s stock valued at $520,000 after purchasing an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 77.26% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 3,698 shares of the company’s stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $352.94, for a total transaction of $1,305,172.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.39% of the stock is owned by insiders.

Netflix Price Performance

NFLX stock opened at $294.94 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50 day simple moving average of $335.31 and a 200-day simple moving average of $291.43. The firm has a market capitalization of $131.35 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 1.36 and a beta of 1.26. Netflix, Inc. has a 1 year low of $162.71 and a 1 year high of $396.50.

Netflix (NASDAQ:NFLX – Get Rating) last posted its quarterly earnings results on Thursday, January 19th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.35). Netflix had a net margin of 14.21% and a return on equity of 23.06%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.85 billion. During the same quarter last year, the company earned $1.33 earnings per share. Netflix’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts anticipate that Netflix, Inc. will post 11.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Phillip Securities lowered Netflix from a “buy” rating to an “accumulate” rating in a research note on Thursday, January 26th. Argus raised their price target on Netflix from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Monday, January 23rd. Bank of America reissued a “buy” rating and set a $370.00 price target on shares of Netflix in a research note on Tuesday, November 15th. Piper Sandler raised their price target on Netflix from $270.00 to $325.00 and gave the stock a “neutral” rating in a research note on Friday, January 20th. Finally, Credit Suisse Group raised their price target on Netflix from $271.00 to $291.00 and gave the stock a “neutral” rating in a research note on Friday, January 20th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $343.00.

Netflix Profile

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Netflix, Inc engages in providing entertainment services. It also offers a broad set of activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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