Three Seasons Wealth LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Three Seasons Wealth LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,821 shares of the Internet television network's stock, valued at approximately $2,514,000. Netflix comprises approximately 1.2% of Three Seasons Wealth LLC's investment portfolio, making the stock its 22nd largest position.

Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after purchasing an additional 156,958 shares during the period. First National Trust Co boosted its stake in Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after purchasing an additional 12 shares during the period. Haven Private LLC purchased a new position in Netflix during the 4th quarter worth $733,000. Sigma Planning Corp increased its stake in Netflix by 7.4% in 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. Finally, Quilter Plc raised its holdings in shares of Netflix by 8.2% in the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock valued at $128,133,000 after buying an additional 10,946 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

Shares of NFLX traded up $10.57 during mid-day trading on Tuesday, hitting $1,120.95. The stock had a trading volume of 2,099,992 shares, compared to its average volume of 3,702,868. Netflix, Inc. has a fifty-two week low of $544.25 and a fifty-two week high of $1,122.15. 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 has a market cap of $477.04 billion, a PE ratio of 56.57, a PEG ratio of 2.12 and a beta of 1.55. The company's fifty 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 posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the firm posted $8.28 EPS. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the transaction, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. This trade represents a 98.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares of the company's stock, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 274,495 shares of company stock valued at $268,176,922 over the last quarter. Corporate insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

NFLX has been the subject of several analyst reports. UBS Group reduced their price objective on Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group lifted their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Wells Fargo & Company increased their price target 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. Ten research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,072.12.

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.