Tyche Wealth Partners LLC Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Tyche Wealth Partners LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,109 shares of the Internet television network’s stock after buying an additional 115 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Netflix were worth $2,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. LCM Capital Management Inc purchased a new stake in shares of Netflix during the fourth quarter worth about $343,000. Syntegra Private Wealth Group LLC purchased a new stake in Netflix in the fourth quarter valued at approximately $223,000. Vestia Personal Wealth Advisors purchased a new stake in Netflix in the fourth quarter valued at approximately $277,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Netflix by 3.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 221,238 shares of the Internet television network’s stock valued at $200,365,000 after purchasing an additional 6,443 shares during the period. Finally, Jericho Financial LLP purchased a new stake in Netflix in the fourth quarter valued at approximately $7,306,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX stock opened at $1,011.11 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,011.83. The firm has a market capitalization of $432.51 billion, a PE ratio of 50.99, a P/E/G ratio of 2.02 and a beta of 1.27. The firm has a 50-day moving average of $909.38 and a two-hundred day moving average of $784.44.

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

Insider Buying and Selling at Netflix

In other news, Director Timothy M. Haley sold 647 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 291,585 shares of company stock worth $277,777,833 over the last 90 days. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NFLX. Arete Research upgraded shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Macquarie lifted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Citigroup lifted their price target on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Bank of America lifted their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Company 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.