Integrated Wealth Concepts LLC Acquires 1,335 Shares of Netflix, Inc. (NASDAQ:NFLX)

Integrated Wealth Concepts LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,312 shares of the Internet television network's stock after buying an additional 1,335 shares during the period. Integrated Wealth Concepts LLC's holdings in Netflix were worth $10,973,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Pathway Financial Advisers LLC increased 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 worth $27,000 after acquiring an additional 14 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $32,000. Newton One Investments LLC bought a new stake in shares of Netflix in the fourth quarter valued at about $34,000. Pineridge Advisors LLC lifted 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 during the period. Finally, Princeton Global Asset Management LLC lifted its stake in shares of Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after buying an additional 16 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Evercore ISI increased their target price on Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Rosenblatt Securities increased their price objective on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Finally, Sanford C. Bernstein upgraded Netflix from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,072.12.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $3.05 during trading hours on Tuesday, reaching $1,113.43. 1,614,793 shares of the stock traded hands, compared to its average volume of 3,700,676. The company has a market capitalization of $473.84 billion, a P/E ratio of 56.08, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 52-week low of $544.25 and a 52-week high of $1,115.89. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company's 50-day simple moving average is $957.26 and its two-hundred day simple moving average is $908.81.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during 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 earned $8.28 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now owns 394 shares of the company's stock, valued at approximately $362,933.10. This trade represents a 98.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 274,495 shares of company stock worth $268,176,922. 1.76% of the stock is owned by insiders.

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.