TCI Wealth Advisors Inc. Acquires Shares of 459 Netflix, Inc. (NASDAQ:NFLX)

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

Several other large investors have also recently made changes to their positions in NFLX. Authentikos Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management purchased a new position in Netflix in the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC raised its holdings in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new position in Netflix in the 4th quarter worth approximately $41,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

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

Netflix (NASDAQ:NFLX) last announced its earnings results 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 firm had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Insider Activity

In related news, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,833 shares of company stock worth $88,270,051. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NFLX. DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a report on Thursday, January 25th. Pivotal Research lifted their target price on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research report on Friday, April 19th. Citigroup lifted their target price on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $631.15.

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.