Elyxium Wealth LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Elyxium Wealth LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 249.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,010 shares of the Internet television network's stock after purchasing an additional 721 shares during the quarter. Elyxium Wealth LLC's holdings in Netflix were worth $900,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Pathway Financial Advisers LLC raised its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares in the last quarter. Transce3nd LLC acquired a new stake in Netflix during the 4th quarter worth $32,000. Newton One Investments LLC purchased a new stake in Netflix in the fourth quarter valued at $34,000. Pineridge Advisors LLC boosted its stake in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $4.62 on Friday, hitting $1,139.81. The company had a trading volume of 2,565,837 shares, compared to its average volume of 3,740,061. The company has a market cap of $485.07 billion, a PE ratio of 57.48, a PEG ratio of 2.12 and a beta of 1.58. The business has a 50 day moving average of $984.97 and a 200 day moving average of $933.06. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,164.00. 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 released its earnings results 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 net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the previous year, the company earned $8.28 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares of the company's stock, valued at approximately $362,933.10. The trade was a 98.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,530 shares of company stock valued at $137,602,751. Insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. Barclays raised their price target on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday, April 21st. Robert W. Baird lifted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Evercore ISI boosted their price target on Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Finally, Wedbush reaffirmed an "outperform" rating and set a $1,200.00 price objective on shares of Netflix in a research report on Monday, May 5th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,084.91.

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.