Elevatus Welath Management Takes $373,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Elevatus Welath Management bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 419 shares of the Internet television network's stock, valued at approximately $373,000.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Epoch Investment Partners Inc. grew its holdings in shares of Netflix by 23.7% in the fourth quarter. Epoch Investment Partners Inc. now owns 673 shares of the Internet television network's stock worth $600,000 after purchasing an additional 129 shares during the last quarter. Generation Capital Management LLC purchased a new stake in Netflix during the 4th quarter valued at $2,088,000. GeoWealth Management LLC increased its position in shares of Netflix by 3.5% in the fourth quarter. GeoWealth Management LLC now owns 2,849 shares of the Internet television network's stock valued at $2,539,000 after acquiring an additional 96 shares during the period. Capital International Ltd. CA boosted its holdings in shares of Netflix by 0.3% during the fourth quarter. Capital International Ltd. CA now owns 69,138 shares of the Internet television network's stock worth $61,624,000 after purchasing an additional 241 shares during the period. Finally, Capital Group Private Client Services Inc. grew its stake in shares of Netflix by 22.3% in the fourth quarter. Capital Group Private Client Services Inc. now owns 30,259 shares of the Internet television network's stock worth $26,970,000 after purchasing an additional 5,519 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the firm's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Insiders have sold 274,312 shares of company stock worth $267,919,297 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Benchmark raised Netflix from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price target on shares of Netflix from $1,150.00 to $1,025.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird boosted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Wedbush reaffirmed an "outperform" rating and issued a $1,150.00 target price on shares of Netflix in a research report on Friday, April 11th. Finally, Macquarie boosted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,023.49.

Netflix Stock Performance

Shares of NFLX opened at $973.03 on Friday. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The business has a fifty day moving average of $954.87 and a 200 day moving average of $891.82. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $416.22 billion, a P/E ratio of 49.07, a PEG ratio of 2.12 and a beta of 1.55.

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. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the prior year, the firm earned $8.28 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company 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.

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