HB Wealth Management LLC Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

HB Wealth Management LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 3.2% during the 4th quarter, HoldingsChannel reports. The firm owned 13,681 shares of the Internet television network’s stock after buying an additional 419 shares during the period. HB Wealth Management LLC’s holdings in Netflix were worth $12,195,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in Netflix during the third quarter valued at approximately $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix during the third quarter worth approximately $38,000. Finally, First Personal Financial Services bought a new stake in shares of Netflix in the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the transaction, the chief executive officer now directly owns 2,556 shares in the company, valued at approximately $1,960,579.80. This trade represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,198 shares of company stock worth $127,616,898. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NFLX traded up $15.73 during trading on Friday, hitting $858.10. 3,563,913 shares of the company traded hands, compared to its average volume of 2,297,633. The company has a market cap of $366.80 billion, a PE ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a 1 year low of $476.06 and a 1 year high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $883.32 and its two-hundred day simple moving average is $757.20.

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

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of analyst reports. Wedbush reiterated an “outperform” rating and issued a $950.00 target price (up previously from $800.00) on shares of Netflix in a research report on Monday, November 18th. Evercore ISI increased their price objective on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. BMO Capital Markets upped their price target on shares of Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday. Loop Capital decreased their price objective on shares of Netflix from $950.00 to $925.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group increased their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $845.06.

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.