419 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Elevatus Welath Management

Elevatus Welath Management acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 419 shares of the Internet television network's stock, valued at approximately $373,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. West Michigan Advisors LLC raised its holdings in Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after buying an additional 10 shares during the period. Warwick Investment Management Inc. grew its position in Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after purchasing an additional 10 shares in the last quarter. MRP Capital Investments LLC increased its stake in Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after buying an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC lifted its position in Netflix by 2.2% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after buying an additional 10 shares in the last quarter. Finally, Enzi Wealth boosted its stake in shares of Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after buying an additional 11 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 1.2 %

NASDAQ:NFLX traded up $12.56 during trading hours on Wednesday, hitting $1,052.90. 4,111,418 shares of the company were exchanged, compared to its average volume of 3,702,105. The company has a fifty day simple moving average of $954.01 and a 200 day simple moving average of $897.26. Netflix, Inc. has a one year low of $544.25 and a one year high of $1,064.97. The stock has a market capitalization of $450.39 billion, a price-to-earnings ratio of 53.10, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

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

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 617 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 274,472 shares of company stock valued at $268,079,297 in the last quarter. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NFLX has been the subject of several recent research reports. Pivotal Research reissued a "buy" rating and set a $1,350.00 price target (up from $1,250.00) on shares of Netflix in a research report on Thursday, April 17th. KeyCorp increased their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday. Morgan Stanley upped their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a report on Monday. Arete Research upgraded Netflix to a "hold" rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,070.65.

About Netflix

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.