LifeWealth Investments LLC Buys New Stake in Netflix, Inc. (NASDAQ:NFLX)

LifeWealth Investments LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 477 shares of the Internet television network's stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC grew 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 valued at $27,000 after buying an additional 14 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the fourth quarter valued at $27,000. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter valued at $32,000. Newton One Investments LLC acquired a new stake in shares of Netflix in the fourth quarter valued at $34,000. Finally, Pineridge Advisors LLC grew its stake in shares of 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 buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,624,746.55. The trade was a 41.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock worth $138,483,256 over the last 90 days. 1.37% of the stock is currently owned by insiders.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded up $26.18 during trading on Tuesday, reaching $1,211.57. The company had a trading volume of 2,916,636 shares, compared to its average volume of 3,754,011. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,211.79. 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's fifty day moving average price is $1,040.74 and its 200 day moving average price is $965.67. The firm has a market capitalization of $515.61 billion, a price-to-earnings ratio of 61.10, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly 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 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 quarter in the prior year, the business earned $8.28 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research reports. FBN Securities initiated coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Canaccord Genuity Group boosted their target price on Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Morgan Stanley boosted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Finally, Macquarie boosted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,102.79.

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.