Leo Wealth LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Leo Wealth LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, Holdings Channel reports. The fund purchased 1,006 shares of the Internet television network’s stock, valued at approximately $523,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC bought a new stake in Netflix in the 4th quarter valued at about $500,000. Spartan Planning & Wealth Management raised its position in shares of Netflix by 744.1% in the fourth quarter. Spartan Planning & Wealth Management now owns 574 shares of the Internet television network’s stock valued at $279,000 after purchasing an additional 506 shares during the period. Trust Co. of Vermont lifted its stake in shares of Netflix by 24.1% during the 4th quarter. Trust Co. of Vermont now owns 463 shares of the Internet television network’s stock valued at $225,000 after buying an additional 90 shares in the last quarter. SageView Advisory Group LLC boosted its holdings in Netflix by 245.0% in the 4th quarter. SageView Advisory Group LLC now owns 3,136 shares of the Internet television network’s stock worth $1,527,000 after buying an additional 2,227 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Netflix by 1.8% in the 4th quarter. Fisher Asset Management LLC now owns 4,115,613 shares of the Internet television network’s stock valued at $2,003,810,000 after buying an additional 72,807 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.0 %

Shares of NASDAQ NFLX traded up $6.45 during midday trading on Monday, hitting $675.83. 3,529,855 shares of the company traded hands, compared to its average volume of 4,045,412. The firm has a market cap of $291.28 billion, a P/E ratio of 47.12, a P/E/G ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50-day moving average price of $615.54 and a 200 day moving average price of $569.67. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $682.71.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.88 earnings per share. As a group, analysts expect that Netflix, Inc. will post 18.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NFLX shares. Pivotal Research raised their price target on Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Benchmark raised their price objective on shares of Netflix from $440.00 to $450.00 and gave the company a “sell” rating in a research report on Friday, May 17th. Sanford C. Bernstein upped their target price on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research report on Friday, April 19th. Wells Fargo & Company raised their price target on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $632.06.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. Insiders sold a total of 64,642 shares of company stock valued at $38,691,266 in the last three months. Company insiders own 1.76% 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.