Private Wealth Partners LLC Purchases 11 Shares of Netflix, Inc. (NASDAQ:NFLX)

Private Wealth Partners LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 898 shares of the Internet television network’s stock after buying an additional 11 shares during the quarter. Private Wealth Partners LLC’s holdings in Netflix were worth $800,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bryn Mawr Capital Management LLC increased its stake in shares of Netflix by 868.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 20,433 shares of the Internet television network’s stock worth $18,212,000 after purchasing an additional 18,324 shares during the period. Private Advisor Group LLC raised its stake in shares of Netflix by 8.9% in the fourth quarter. Private Advisor Group LLC now owns 27,026 shares of the Internet television network’s stock valued at $24,089,000 after purchasing an additional 2,216 shares in the last quarter. Good Life Advisors LLC lifted its holdings in shares of Netflix by 11.4% during the 4th quarter. Good Life Advisors LLC now owns 5,467 shares of the Internet television network’s stock worth $4,873,000 after acquiring an additional 561 shares during the period. Financial Perspectives Inc lifted its stake in Netflix by 458.3% during the fourth quarter. Financial Perspectives Inc now owns 67 shares of the Internet television network’s stock worth $60,000 after purchasing an additional 55 shares during the period. Finally, Vista Capital Partners Inc. bought a new position in shares of Netflix during the 4th quarter worth approximately $265,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 0.7 %

NFLX opened at $1,043.33 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The stock has a market cap of $446.29 billion, a PE ratio of 52.61, a PEG ratio of 2.19 and a beta of 1.27. The business has a 50 day moving average of $936.88 and a 200-day moving average of $814.17.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm posted $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Citigroup raised their target price on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Argus boosted their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Finally, Arete Research upgraded Netflix to a “hold” rating in a report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity at Netflix

In other news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 41,121 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 303,220 shares of company stock valued at $289,856,164 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

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.