Intelligence Driven Advisers LLC Acquires New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Intelligence Driven Advisers LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 466 shares of the Internet television network’s stock, valued at approximately $227,000.

Other hedge funds have also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC bought a new stake in shares of Netflix during the 3rd quarter worth about $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Netflix during the 3rd quarter worth about $26,000. Blue Bell Private Wealth Management LLC raised its position in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after buying an additional 35 shares in the last quarter. Carmel Capital Partners LLC raised its position in shares of Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after buying an additional 58 shares in the last quarter. Finally, Pacifica Partners Inc. acquired a new position in shares of Netflix in the 4th quarter worth approximately $41,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NFLX. CICC Research began coverage on shares of Netflix in a research note on Thursday. They issued an “outperform” rating and a $650.00 price objective on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $713.00 price objective (up previously from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Loop Capital lifted their price objective on shares of Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Seaport Res Ptn cut shares of Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Finally, Sanford C. Bernstein lifted their price objective on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $631.15.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,839 shares of company stock worth $77,788,745. 1.76% of the stock is owned by insiders.

Netflix Stock Up 2.2 %

NASDAQ NFLX traded up $12.06 during trading on Thursday, reaching $563.77. The company’s stock had a trading volume of 1,480,077 shares, compared to its average volume of 4,430,910. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $242.93 billion, a PE ratio of 38.82, a PEG ratio of 1.35 and a beta of 1.23. The business has a 50-day moving average price of $603.12 and a 200-day moving average price of $524.53. Netflix, Inc. has a 1-year low of $315.85 and a 1-year high of $639.00.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.88 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

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.