IronOak Wealth LLC. Purchases New Position in Netflix, Inc. (NASDAQ:NFLX)

IronOak Wealth LLC. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,989 shares of the Internet television network's stock, valued at approximately $1,773,000. Netflix comprises approximately 2.0% of IronOak Wealth LLC.'s portfolio, making the stock its 20th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the fourth quarter valued at $27,000. Pathway Financial Advisers LLC increased its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Transce3nd LLC acquired a new position in shares of Netflix in the 4th quarter valued at about $32,000. Newton One Investments LLC bought a new stake in Netflix in the 4th quarter valued at about $34,000. Finally, Pineridge Advisors LLC raised its stake in shares of Netflix by 4,000.0% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on NFLX shares. Benchmark reiterated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Pivotal Research raised their target price on Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Morgan Stanley upped their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, Guggenheim reaffirmed a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,102.79.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 25,360 shares of the firm'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 transaction, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. This trade represents a 98.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 132,708 shares of company stock worth $138,323,256 in the last 90 days. 1.37% of the stock is owned by company insiders.

Netflix Price Performance

NASDAQ NFLX traded down $3.02 during trading hours on Wednesday, reaching $1,208.55. 1,835,778 shares of the stock traded hands, compared to its average volume of 3,751,038. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a 50 day simple moving average of $1,045.95 and a two-hundred day simple moving average of $967.38. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,215.39. The company has a market cap of $514.32 billion, a price-to-earnings ratio of 60.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period last year, the business earned $8.28 earnings per share. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.