Waterfront Wealth Inc. Purchases 115 Shares of Netflix, Inc. (NASDAQ:NFLX)

Waterfront Wealth Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,222 shares of the Internet television network’s stock after acquiring an additional 115 shares during the period. Waterfront Wealth Inc.’s holdings in Netflix were worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tranquility Partners LLC lifted its stake in Netflix by 5.3% in the fourth quarter. Tranquility Partners LLC now owns 812 shares of the Internet television network’s stock valued at $395,000 after buying an additional 41 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Netflix by 112.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,204 shares of the Internet television network’s stock worth $586,000 after purchasing an additional 637 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Netflix by 2.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 151,200 shares of the Internet television network’s stock valued at $73,617,000 after purchasing an additional 3,430 shares during the period. KLCM Advisors Inc. bought a new stake in shares of Netflix in the fourth quarter valued at about $797,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Netflix during the fourth quarter worth about $828,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX traded down $3.83 on Wednesday, hitting $613.69. 3,273,978 shares of the stock were exchanged, compared to its average volume of 4,241,472. The firm has a market capitalization of $265.58 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The business has a 50-day moving average of $604.73 and a two-hundred day moving average of $511.17.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The firm had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. Sell-side analysts forecast that Netflix, Inc. will post 17.03 EPS for the current fiscal year.

Insider Activity

In related news, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Ann Mather sold 3,673 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 268,335 shares of company stock worth $151,619,811. Insiders own 2.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NFLX shares. UBS Group lifted their target price on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. The Goldman Sachs Group increased their target price on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Citigroup lifted their price target on shares of Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. Jefferies Financial Group increased their price objective on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. Finally, KeyCorp lifted their target price on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $605.76.

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.