Colonial River Wealth Management LLC Acquires Shares of 1,038 Netflix, Inc. (NASDAQ:NFLX)

Colonial River Wealth Management LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLXFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,038 shares of the Internet television network’s stock, valued at approximately $505,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC bought a new position in shares of Netflix in the 3rd quarter valued at $25,000. Spartan Planning & Wealth Management bought a new position in shares of Netflix in the 3rd quarter valued at $26,000. Carmel Capital Partners LLC increased its stake in shares of Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Evermay Wealth Management LLC increased its stake in shares of Netflix by 94.9% in the 1st quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock valued at $40,000 after purchasing an additional 56 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new position in shares of Netflix in the 4th quarter valued at $41,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley boosted their price objective on Netflix from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Seaport Res Ptn lowered Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. boosted their price objective on Netflix from $510.00 to $610.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Macquarie upgraded Netflix from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $410.00 to $595.00 in a research report on Wednesday, January 24th. Finally, Redburn Atlantic boosted their price objective on Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $583.18.

View Our Latest Analysis on Netflix

Netflix Price Performance

NASDAQ NFLX traded down $0.10 during trading hours on Tuesday, reaching $614.21. 2,028,617 shares of the stock traded hands, compared to its average volume of 4,474,133. The stock has a 50 day simple moving average of $589.31 and a two-hundred day simple moving average of $492.09. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $634.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $265.81 billion, a price-to-earnings ratio of 50.49, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22.

Netflix (NASDAQ:NFLXGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 EPS. On average, analysts predict that Netflix, Inc. will post 17.01 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 13,655 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,118,342. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is currently owned by corporate insiders.

About Netflix

(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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