459 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 459 shares of the Internet television network’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Columbia Trust Co 01012016 boosted its holdings in shares of Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after purchasing an additional 208 shares in the last quarter. Crumly & Associates Inc. boosted its holdings in shares of Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after purchasing an additional 83 shares in the last quarter. Venture Visionary Partners LLC boosted its holdings in shares of Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after purchasing an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after purchasing an additional 392,427 shares in the last quarter. Finally, Sandy Cove Advisors LLC boosted its holdings in shares of Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock worth $578,000 after purchasing an additional 114 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Up 2.9 %

Shares of Netflix stock traded up $16.75 on Monday, reaching $596.09. The company had a trading volume of 2,758,175 shares, compared to its average volume of 4,414,284. The firm’s 50-day moving average price is $602.57 and its two-hundred day moving average price is $528.80. Netflix, Inc. has a 1 year low of $322.03 and a 1 year high of $639.00. The firm has a market cap of $256.89 billion, a price-to-earnings ratio of 40.96, a P/E/G ratio of 1.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share 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 for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the prior year, the firm posted $2.88 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, research analysts predict that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total value of $3,345,000.00. Following the sale, the chief executive officer now owns 13,090 shares in the company, valued at $8,181,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,181,250. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 18,361 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the sale, the chairman now owns 28 shares of the company’s stock, valued at approximately $15,443.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,833 shares of company stock valued at $88,270,051. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group reissued a “hold” rating and issued a $585.00 target price (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price for the company in a research note on Thursday, January 25th. The Goldman Sachs Group boosted their target price on Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. boosted their target price on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, Needham & Company LLC raised Netflix from a “hold” rating to a “buy” rating and set a $700.00 price target for the company in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $631.15.

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.