Burling Wealth Partners LLC Acquires New Position in Netflix, Inc. (NASDAQ:NFLX)

Burling Wealth Partners LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 303 shares of the Internet television network's stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Nordea Investment Management AB raised its holdings in Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock worth $760,918,000 after acquiring an additional 156,958 shares during the period. First National Trust Co increased its holdings in Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after purchasing an additional 12 shares in the last quarter. Haven Private LLC acquired a new stake in Netflix during the 4th quarter valued at $733,000. Sigma Planning Corp increased its holdings in Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after purchasing an additional 386 shares in the last quarter. Finally, Quilter Plc boosted its position in Netflix by 8.2% in the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock valued at $128,133,000 after buying an additional 10,946 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Wedbush raised their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Argus lifted their target price on Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Pivotal Research lifted their price target on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. lifted their price target on Netflix from $1,025.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,072.12.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 640 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $1,097.04, for a total value of $702,105.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 102,228 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 274,495 shares of company stock worth $268,176,922. Company insiders own 1.76% of the company's stock.

Netflix Trading Up 0.3 %

Shares of NFLX traded up $3.05 during trading hours on Tuesday, hitting $1,113.43. The company had a trading volume of 1,614,793 shares, compared to its average volume of 3,700,676. The firm has a market cap of $473.84 billion, a P/E ratio of 56.08, a P/E/G ratio of 2.12 and a beta of 1.55. The stock's 50 day moving average price is $957.26 and its 200 day moving average price is $908.81. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52-week low of $544.25 and a 52-week high of $1,115.89.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the business earned $8.28 earnings per share. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.