Selective Wealth Management Inc. Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Selective Wealth Management Inc. boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427 shares of the Internet television network’s stock after buying an additional 50 shares during the period. Selective Wealth Management Inc.’s holdings in Netflix were worth $354,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its position 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 valued at $34,000 after purchasing an additional 42 shares during the period. Decker Retirement Planning Inc. acquired a new stake in Netflix in the fourth quarter valued at about $43,000. MidAtlantic Capital Management Inc. purchased a new stake in Netflix in the 3rd quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC acquired a new position in Netflix during the 3rd quarter worth approximately $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price target on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Canaccord Genuity Group increased their price target on shares of Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Wells Fargo & Company raised their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $680.00 target price on shares of Netflix in a research report on Thursday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix Stock Performance

Netflix stock opened at $858.10 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 12 month low of $476.06 and a 12 month high of $941.75. The company has a market cap of $366.80 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The stock’s 50-day moving average is $883.32 and its 200-day moving average is $757.20.

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

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock valued at $127,616,898 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

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.