WT Wealth Management Buys 460 Shares of Netflix, Inc. (NASDAQ:NFLX)

WT Wealth Management grew its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,974 shares of the Internet television network’s stock after buying an additional 460 shares during the period. WT Wealth Management’s holdings in Netflix were worth $1,935,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NFLX. Authentikos Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new stake in Netflix in the third quarter worth $26,000. Blue Bell Private Wealth Management LLC boosted its position in Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after buying an additional 35 shares during the period. Pacifica Partners Inc. bought a new position in shares of Netflix during the fourth quarter valued at about $41,000. Finally, Bear Mountain Capital Inc. purchased a new position in shares of Netflix in the fourth quarter worth about $45,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.7 %

Shares of NASDAQ NFLX traded up $10.58 during midday trading on Friday, hitting $621.10. The stock had a trading volume of 3,782,708 shares, compared to its average volume of 4,397,802. The business’s 50 day moving average is $604.12 and its 200-day moving average is $541.35. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $639.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a market cap of $267.69 billion, a P/E ratio of 43.10, a PEG ratio of 1.48 and a beta of 1.23.

Netflix (NASDAQ:NFLXGet Free Report) last released its quarterly earnings data 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. The business 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 quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.88 EPS. As a group, analysts predict that Netflix, Inc. will post 18.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley increased their target price on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, April 12th. The Goldman Sachs Group upped their price target on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Macquarie raised their price target on shares of Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a research note on Thursday, January 25th. Finally, Bank of America raised their target price on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $630.53.

Get Our Latest Research Report on NFLX

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the company’s 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 transaction, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction on 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 completion of the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 5,821 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $3,492,600.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $7,854,000. The disclosure for this sale can be found here. Insiders have sold 78,039 shares of company stock valued at $46,401,083 over the last ninety days. Insiders own 1.76% of the company’s stock.

Netflix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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