Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Private Wealth Partners LLC

Private Wealth Partners LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 870 shares of the Internet television network’s stock after acquiring an additional 100 shares during the quarter. Private Wealth Partners LLC’s holdings in Netflix were worth $424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Authentikos Wealth Advisory LLC acquired a new position in Netflix during the third quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new position in Netflix in the 3rd quarter valued at about $26,000. Carmel Capital Partners LLC boosted its holdings in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new position in Netflix in the 4th quarter valued at about $41,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NFLX has been the topic of several recent analyst reports. 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 report on Tuesday, February 27th. Wells Fargo & Company boosted their target price on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. BMO Capital Markets restated an “outperform” rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a report on Wednesday, April 17th. Sanford C. Bernstein upped their price objective on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. Finally, Morgan Stanley upped their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $630.58.

Netflix Stock Down 0.6 %

Shares of Netflix stock traded down $3.57 during trading hours on Friday, hitting $561.23. The company had a trading volume of 4,332,593 shares, compared to its average volume of 4,190,527. The company’s 50-day moving average is $604.54 and its two-hundred day moving average is $520.48. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. The company has a market cap of $241.83 billion, a P/E ratio of 38.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its earnings results 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 business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the prior year, the business posted $2.88 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts anticipate that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Activity

In other news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Ann Mather sold 3,673 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,573 shares of company stock worth $89,548,241. Corporate insiders own 2.45% 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.