Lionshead Wealth Management LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Lionshead Wealth Management LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 229 shares of the Internet television network's stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. RMR Wealth Builders raised its position in Netflix by 4.8% during the 4th quarter. RMR Wealth Builders now owns 4,863 shares of the Internet television network's stock worth $4,335,000 after buying an additional 221 shares during the last quarter. Czech National Bank boosted its stake in Netflix by 6.0% during the 4th quarter. Czech National Bank now owns 92,682 shares of the Internet television network's stock worth $82,609,000 after purchasing an additional 5,257 shares during the last quarter. Aprio Wealth Management LLC boosted its position in shares of Netflix by 15.6% during the 4th quarter. Aprio Wealth Management LLC now owns 2,186 shares of the Internet television network's stock valued at $1,948,000 after acquiring an additional 295 shares during the last quarter. Matrix Trust Co purchased a new stake in Netflix in the 4th quarter valued at about $162,000. Finally, Fiduciary Alliance LLC purchased a new stake in Netflix in the 4th quarter valued at about $349,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Netflix stock traded up $28.44 during mid-day trading on Tuesday, reaching $1,138.44. The company's stock had a trading volume of 3,993,936 shares, compared to its average volume of 3,758,663. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,164.00. The firm has a market cap of $484.49 billion, a price-to-earnings ratio of 57.41, a PEG ratio of 2.12 and a beta of 1.58. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $991.99 and a 200-day moving average price of $938.19.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the firm posted $8.28 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NFLX shares. StockNews.com downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Sanford C. Bernstein raised Netflix from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Macquarie upped their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Cfra Research raised Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,084.91.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at approximately $3,624,746.55. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock valued at $138,483,256 over the last three months. Company 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.