RWA Wealth Partners LLC Acquires 12,094 Shares of Netflix, Inc. (NASDAQ:NFLX)

RWA Wealth Partners LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1,519.3% during the fourth quarter, HoldingsChannel reports. The fund owned 12,890 shares of the Internet television network’s stock after acquiring an additional 12,094 shares during the quarter. RWA Wealth Partners LLC’s holdings in Netflix were worth $6,276,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Authentikos Wealth Advisory LLC bought a new position in Netflix during the third quarter valued at $25,000. Spartan Planning & Wealth Management bought a new position in Netflix during the third quarter valued at $26,000. Blue Bell Private Wealth Management LLC increased its position in Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares during the last quarter. Carmel Capital Partners LLC increased its position in Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new position in Netflix during the fourth quarter valued at $41,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Ann Mather sold 3,673 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 47,574 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. Insiders have sold a total of 268,335 shares of company stock worth $151,619,811 over the last 90 days. 2.45% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

NFLX opened at $555.20 on Tuesday. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a market cap of $239.24 billion, a P/E ratio of 38.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. The firm’s 50-day moving average price is $605.58 and its 200-day moving average price is $516.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the prior year, the company posted $2.88 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix, Inc. will post 17.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NFLX. The Goldman Sachs Group boosted their target price on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Canaccord Genuity Group lowered shares of Netflix from a “buy” rating to a “hold” rating and lowered their target price for the company from $720.00 to $585.00 in a research note on Friday. UBS Group boosted their target price on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Guggenheim boosted their target price on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $630.58.

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.