Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Jupiter Wealth Management LLC

Jupiter Wealth Management LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 633.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100 shares of the Internet television network's stock after purchasing an additional 950 shares during the quarter. Jupiter Wealth Management LLC's holdings in Netflix were worth $980,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cache Advisors LLC purchased a new position in shares of Netflix during the 4th quarter worth $1,920,000. GF Fund Management CO. LTD. acquired a new stake in Netflix during the fourth quarter worth about $72,209,000. Parr Mcknight Wealth Management Group LLC purchased a new position in Netflix during the fourth quarter worth about $2,460,000. Wick Capital Partners LLC raised its stake in Netflix by 17.8% during the fourth quarter. Wick Capital Partners LLC now owns 364 shares of the Internet television network's stock worth $324,000 after purchasing an additional 55 shares during the period. Finally, Vega Investment Solutions acquired a new position in Netflix in the 4th quarter valued at about $217,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NFLX. Guggenheim restated a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Rosenblatt Securities raised their target price on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Wolfe Research set a $1,340.00 target price on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. KeyCorp increased their price target on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Canaccord Genuity Group raised their price objective on Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,102.79.

Insider Activity at Netflix

In other news, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction dated 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 completion of the sale, the director now directly owns 7,969 shares of the company's stock, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm'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 valued at $138,483,256 over the last three months. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Netflix stock opened at $1,185.39 on Friday. 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 company has a fifty day simple moving average of $1,036.22 and a 200-day simple moving average of $960.54. The stock has a market cap of $504.47 billion, a P/E ratio of 59.78, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,211.22.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period last year, the firm earned $8.28 earnings per share. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix 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.

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