Netflix, Inc. (NASDAQ:NFLX) Stake Increased by Purus Wealth Management LLC

Purus Wealth Management LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.4% during the 4th quarter, HoldingsChannel reports. The fund owned 738 shares of the Internet television network’s stock after buying an additional 51 shares during the period. Purus Wealth Management LLC’s holdings in Netflix were worth $658,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NFLX. Penn Davis Mcfarland Inc. acquired a new stake in shares of Netflix in the 4th quarter valued at about $236,000. Consolidated Capital Management LLC raised its stake in Netflix by 5.6% during the fourth quarter. Consolidated Capital Management LLC now owns 1,176 shares of the Internet television network’s stock valued at $1,048,000 after buying an additional 62 shares in the last quarter. Diversify Advisory Services LLC raised its stake in Netflix by 14.3% during the fourth quarter. Diversify Advisory Services LLC now owns 2,627 shares of the Internet television network’s stock valued at $2,201,000 after buying an additional 328 shares in the last quarter. Diversify Wealth Management LLC lifted its holdings in Netflix by 13.2% during the 4th quarter. Diversify Wealth Management LLC now owns 2,665 shares of the Internet television network’s stock worth $2,233,000 after buying an additional 310 shares during the last quarter. Finally, LVW Advisors LLC grew its position in shares of Netflix by 0.9% in the 4th quarter. LVW Advisors LLC now owns 1,630 shares of the Internet television network’s stock worth $1,453,000 after acquiring an additional 15 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at $185,976. This trade represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,198 shares of company stock worth $127,616,898. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup raised their price objective on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Loop Capital reduced their price target on shares of Netflix from $950.00 to $925.00 and set a “hold” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Needham & Company LLC increased their price objective on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Argus lifted their target price on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix Price Performance

NASDAQ:NFLX opened at $858.10 on Monday. Netflix, Inc. has a 52-week low of $476.06 and a 52-week high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $366.80 billion, a P/E ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. The business’s 50-day moving average price is $884.58 and its 200 day moving average price is $759.04.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. As a group, sell-side analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Netflix 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.