226 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Members Wealth LLC

Members Wealth LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 226 shares of the Internet television network's stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Janus Henderson Group PLC boosted its stake in Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after acquiring an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Netflix during the fourth quarter worth $873,000. First National Trust Co lifted its stake in shares of Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after buying an additional 12 shares during the period. Haven Private LLC acquired a new stake in shares of Netflix during the fourth quarter worth $733,000. Finally, Sigma Planning Corp lifted its position in Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after purchasing an additional 386 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Up 1.5%

Shares of NFLX traded up $17.26 during mid-day trading on Friday, reaching $1,202.12. The company had a trading volume of 4,686,095 shares, compared to its average volume of 3,758,665. The firm has a fifty day simple moving average of $1,059.27 and a 200-day simple moving average of $974.30. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,215.91. 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 stock has a market cap of $511.59 billion, a price-to-earnings ratio of 60.62, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter last year, the firm posted $8.28 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on NFLX. Canaccord Genuity Group lifted their price objective on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a report on Friday, May 16th. Benchmark reissued a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Wedbush restated an "outperform" rating and issued a $1,200.00 price target on shares of Netflix in a research note on Monday, May 5th. Macquarie boosted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Finally, Rosenblatt Securities boosted their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,122.33.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 640 shares of Netflix stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $1,194.77, for a total transaction of $764,652.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction on 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 sale, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,348 shares of company stock valued at $139,087,908. Company insiders own 1.37% 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.