Strategic Wealth Partners Ltd. Acquires Shares of 1,617 Netflix, Inc. (NASDAQ:NFLX)

Strategic Wealth Partners Ltd. 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 and Exchange Commission. The institutional investor purchased 1,617 shares of the Internet television network's stock, valued at approximately $1,441,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after buying an additional 171,712 shares in the last quarter. FMR LLC increased its stake in Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after acquiring an additional 375,234 shares during the period. Geode Capital Management LLC raised its position in Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after purchasing an additional 175,596 shares in the last quarter. Norges Bank bought a new position in Netflix during the fourth quarter worth about $5,019,087,000. Finally, Alliancebernstein L.P. lifted its stake in Netflix by 1.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock worth $4,582,568,000 after purchasing an additional 82,564 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction that occurred 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 transaction, the chairman now owns 394 shares of the company's stock, valued at $362,933.10. The trade was a 98.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $3,402,068.52. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 132,868 shares of company stock worth $138,483,256. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NFLX shares. Citigroup restated a "neutral" rating on shares of Netflix in a research report on Monday, May 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a report on Wednesday, January 22nd. Wells Fargo & Company upped their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Oppenheimer reiterated an "outperform" rating and set a $1,200.00 target price (up previously from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $1,220.00 price target (up from $1,150.00) on shares of Netflix in a research report on Monday. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,102.79.

Netflix Stock Up 0.2%

Shares of Netflix stock traded up $2.61 during trading on Wednesday, reaching $1,194.63. The stock had a trading volume of 2,969,681 shares, compared to its average volume of 3,754,513. 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 market capitalization of $508.40 billion, a price-to-earnings ratio of 60.24, a P/E/G ratio of 2.12 and a beta of 1.58. The stock has a fifty day moving average price of $1,020.82 and a two-hundred day moving average price of $952.98. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,210.94.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm 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 quarter in the previous year, the business posted $8.28 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.