DecisionMap Wealth Management LLC Acquires Shares of 385 Netflix, Inc. (NASDAQ:NFLX)

DecisionMap Wealth Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 385 shares of the Internet television network's stock, valued at approximately $343,000.

Several other large investors have also recently added to or reduced their stakes in the company. West Michigan Advisors LLC increased its position in Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after buying an additional 10 shares during the period. Warwick Investment Management Inc. increased its position in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after buying an additional 10 shares during the period. Enzi Wealth increased its position in Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after buying an additional 11 shares during the period. TCI Wealth Advisors Inc. increased its position in Netflix by 1.6% during the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock worth $624,000 after buying an additional 11 shares during the period. Finally, Blossom Wealth Management grew its holdings in shares of Netflix by 0.9% during the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network's stock worth $1,112,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Robert W. Baird increased their target price on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Benchmark raised Netflix from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Loop Capital increased their target price on Netflix from $925.00 to $1,000.00 and gave the stock a "hold" rating in a report on Wednesday, January 22nd. Finally, Citigroup increased their target price on Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,014.26.

Netflix Trading Down 3.2 %

Shares of NFLX traded down $29.51 during mid-day trading on Thursday, reaching $890.17. 4,994,613 shares of the company were exchanged, compared to its average volume of 3,413,573. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. 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 capitalization of $380.78 billion, a PE ratio of 44.89, a PEG ratio of 2.12 and a beta of 1.38. The business has a 50 day simple moving average of $950.30 and a two-hundred day simple moving average of $846.09.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the company earned $2.11 earnings per share. The firm's revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 35,868 shares of Netflix stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the sale, the chairman now owns 114 shares of the company's stock, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is owned by corporate 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.