Anchor Pointe Wealth Management LLC Invests $231,000 in Netflix, Inc. (NASDAQ:NFLX)

Anchor Pointe Wealth Management LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 256 shares of the Internet television network's stock, valued at approximately $231,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Pathway Financial Advisers LLC raised its holdings in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix in the 4th quarter worth about $27,000. Transce3nd LLC bought a new stake in Netflix in the 4th quarter worth about $32,000. Newton One Investments LLC bought a new stake in shares of Netflix during the 4th quarter valued at about $34,000. Finally, Pineridge Advisors LLC grew its stake in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 2,027 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the sale, the chief executive officer now owns 12,781 shares in the company, valued at $14,589,639.31. This trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey William Karbowski sold 640 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total value of $764,652.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,348 shares of company stock valued at $139,087,908. Corporate insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent research reports. Wall Street Zen downgraded Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Morgan Stanley boosted their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,112.79.

Netflix Price Performance

Shares of NFLX traded down $23.69 during mid-day trading on Thursday, hitting $1,184.86. The company's stock had a trading volume of 3,298,873 shares, compared to its average volume of 3,749,449. 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 firm has a 50-day simple moving average of $1,050.92 and a 200 day simple moving average of $969.04. The firm has a market capitalization of $504.24 billion, a P/E ratio of 59.75, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,215.91.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating 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 business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period last year, the firm earned $8.28 EPS. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.