Drucker Wealth 3.0 LLC Takes $420,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Drucker Wealth 3.0 LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 471 shares of the Internet television network's stock, valued at approximately $420,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Capital & Planning LLC acquired a new position in Netflix in the fourth quarter valued at about $809,000. Brighton Jones LLC increased its holdings in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares in the last quarter. RFG Advisory LLC lifted its stake in Netflix by 23.7% in the fourth quarter. RFG Advisory LLC now owns 3,390 shares of the Internet television network's stock valued at $3,021,000 after buying an additional 649 shares in the last quarter. LexAurum Advisors LLC increased its holdings in Netflix by 15.7% during the 4th quarter. LexAurum Advisors LLC now owns 442 shares of the Internet television network's stock worth $394,000 after purchasing an additional 60 shares in the last quarter. Finally, CX Institutional raised its stake in shares of Netflix by 22.9% in the 4th quarter. CX Institutional now owns 2,596 shares of the Internet television network's stock valued at $2,314,000 after purchasing an additional 484 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NFLX. UBS Group cut their price objective on Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Wall Street Zen lowered shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Guggenheim reissued a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Loop Capital reiterated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Finally, Benchmark reiterated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,102.79.

Netflix Stock Down 0.2%

Shares of NASDAQ:NFLX traded down $2.58 on Friday, reaching $1,185.39. The company had a trading volume of 2,183,293 shares, compared to its average volume of 3,757,359. The stock has a market capitalization of $504.47 billion, a P/E ratio of 59.78, a P/E/G ratio of 2.12 and a beta of 1.58. The stock has a 50-day moving average price of $1,036.22 and a 200 day moving average price of $962.94. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,211.22. 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 (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for 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 period in the prior year, the company posted $8.28 EPS. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In related news, Director Ann Mather sold 1,358 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the sale, the director now owns 7,969 shares of the company's stock, valued at $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock worth $138,483,256 in the last three months. Insiders own 1.76% of the company's stock.

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.