Life Line Wealth Management LLC Invests $209,000 in Netflix, Inc. (NASDAQ:NFLX)

Life Line Wealth Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 235 shares of the Internet television network's stock, valued at approximately $209,000. Netflix accounts for 0.1% of Life Line Wealth Management LLC's portfolio, making the stock its 25th largest position.

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

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. This trade represents a 98.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 640 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were 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. Insiders sold a total of 133,348 shares of company stock valued at $139,087,908 in the last 90 days. Corporate insiders own 1.37% of the company's stock.

Netflix Price Performance

Shares of Netflix stock traded up $17.26 during trading on Friday, reaching $1,202.12. 4,686,095 shares of the company's stock were exchanged, compared to its average volume of 3,758,665. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,215.91. The company has a market cap of $511.59 billion, a P/E ratio of 60.62, a PEG ratio of 2.12 and a beta of 1.58. The firm's 50-day moving average price is $1,059.27 and its 200 day moving average price is $974.30.

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 (EPS) for the quarter, topping 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 business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the company earned $8.28 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NFLX. Wedbush reiterated an "outperform" rating and set a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. Cfra Research upgraded Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Pivotal Research upped their price target on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Guggenheim restated a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Benchmark restated 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 assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,122.33.

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.