Burling Wealth Partners LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Burling Wealth Partners LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 303 shares of the Internet television network's stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. West Michigan Advisors LLC grew its stake in shares of Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after buying an additional 10 shares during the period. Warwick Investment Management Inc. increased its holdings in shares of Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after acquiring an additional 10 shares in the last quarter. MRP Capital Investments LLC raised its position in shares of Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC lifted its holdings in shares of Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after purchasing an additional 10 shares in the last quarter. Finally, Enzi Wealth grew its position in Netflix by 3.4% in the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after purchasing an additional 11 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,939 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares of the company's stock, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 2,682 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 273,855 shares of company stock valued at $267,474,816. Company insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NFLX. 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. Guggenheim restated a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Wolfe Research upgraded Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target for the company in a report on Thursday, January 23rd. Oppenheimer reissued an "outperform" rating and issued a $1,200.00 price target (up from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Argus lifted their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,072.12.

Netflix Price Performance

NFLX traded up $4.66 during trading on Friday, reaching $1,101.53. The stock had a trading volume of 3,944,668 shares, compared to its average volume of 3,708,273. The business has a 50-day moving average of $955.92 and a 200-day moving average of $904.88. Netflix, Inc. has a one year low of $544.25 and a one year high of $1,106.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $468.78 billion, a PE ratio of 55.55, a PEG ratio of 2.12 and a beta of 1.55.

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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the prior year, the company earned $8.28 EPS. As a group, equities research analysts anticipate 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.