First Heartland Consultants Inc. Acquires New Stake in Netflix, Inc. (NASDAQ:NFLX)

Posted by Defense World Staff on Mar 24th, 2023

First Heartland Consultants Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 882 shares of the Internet television network’s stock, valued at approximately $260,000.

Other institutional investors have also bought and sold shares of the company. Phocas Financial Corp. purchased a new position in Netflix in the fourth quarter valued at approximately $29,000. Yarbrough Capital LLC bought a new stake in Netflix during the 4th quarter valued at $29,000. Carolinas Wealth Consulting LLC raised its holdings in Netflix by 27.6% during the 3rd quarter. Carolinas Wealth Consulting LLC now owns 162 shares of the Internet television network’s stock valued at $38,000 after acquiring an additional 35 shares during the period. EWG Elevate Inc. bought a new stake in Netflix during the 4th quarter valued at $48,000. Finally, My Personal CFO LLC bought a new stake in Netflix during the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 77.26% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $320.37 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average of $333.47 and a 200-day moving average of $294.44. The firm has a market cap of $142.68 billion, a P/E ratio of 32.20, a P/E/G ratio of 1.41 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 earnings results on Thursday, January 19th. The Internet television network reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.35). The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.85 billion. Netflix had a return on equity of 23.06% and a net margin of 14.21%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 earnings per share. Sell-side analysts expect that Netflix, Inc. will post 11.27 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 3,698 shares of the firm’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $352.94, for a total value of $1,305,172.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.39% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NFLX. Piper Sandler boosted their target price on shares of Netflix from $270.00 to $325.00 and gave the company a “neutral” rating in a report on Friday, January 20th. Morgan Stanley boosted their target price on shares of Netflix from $275.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, January 19th. Oppenheimer boosted their target price on shares of Netflix from $400.00 to $415.00 and gave the company an “outperform” rating in a report on Friday, January 20th. The Goldman Sachs Group upped their price target on shares of Netflix from $225.00 to $230.00 and gave the stock a “sell” rating in a report on Friday, January 20th. Finally, Robert W. Baird upped their price target on shares of Netflix from $275.00 to $325.00 and gave the stock a “neutral” rating in a report on Friday, January 20th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, Netflix has a consensus rating of “Hold” and an average price target of $343.13.

About Netflix

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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.