Total Wealth Planning & Management Inc. Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Total Wealth Planning & Management Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 249 shares of the Internet television network's stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Capital & Planning LLC purchased a new position in Netflix during the 4th quarter worth approximately $809,000. Brighton Jones LLC lifted its position in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Netflix in the fourth quarter valued at $12,212,000. Parsons Capital Management Inc. RI grew its position in Netflix by 6.2% during the 4th quarter. Parsons Capital Management Inc. RI now owns 1,049 shares of the Internet television network's stock worth $935,000 after purchasing an additional 61 shares during the period. Finally, Foundations Investment Advisors LLC grew its position in Netflix by 19.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 4,132 shares of the Internet television network's stock worth $3,683,000 after purchasing an additional 670 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 640 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $1,194.77, for a total value of $764,652.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold 133,348 shares of company stock worth $139,087,908 over the last quarter. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NFLX shares. Robert W. Baird boosted their price target on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Macquarie boosted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Canaccord Genuity Group upped their price objective on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Moffett Nathanson reissued a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Eleven investment 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 company's stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,112.79.

Netflix Trading Down 2.0%

NFLX stock traded down $23.69 during trading on Thursday, reaching $1,184.86. 3,298,873 shares of the stock were exchanged, compared to its average volume of 3,749,229. 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 firm has a market capitalization of $504.24 billion, a price-to-earnings ratio of 59.75, a P/E/G ratio of 2.12 and a beta of 1.58. The business has a 50 day moving average price of $1,050.92 and a 200-day moving average price of $969.04. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,215.91.

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, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the company earned $8.28 EPS. On average, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current 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.