Integrated Wealth Concepts LLC Has $10.97 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Integrated Wealth Concepts LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,312 shares of the Internet television network's stock after purchasing an additional 1,335 shares during the period. Integrated Wealth Concepts LLC's holdings in Netflix were worth $10,973,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC boosted its position in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Transce3nd LLC acquired a new position in shares of Netflix during the 4th quarter worth about $32,000. Newton One Investments LLC bought a new stake in shares of Netflix in the 4th quarter valued at about $34,000. Pineridge Advisors LLC boosted its stake in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its stake in 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 purchasing an additional 16 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NFLX. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, April 21st. FBN Securities started coverage on Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price for the company. Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. KeyCorp raised their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,072.12.

Netflix Price Performance

NFLX stock traded up $4.66 during midday trading on Friday, reaching $1,101.53. The company had a trading volume of 3,944,668 shares, compared to its average volume of 3,708,273. Netflix, Inc. has a 1-year low of $544.25 and a 1-year high of $1,106.80. The stock has a 50 day moving average price of $955.92 and a 200-day moving average price of $904.88. 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 company has a market capitalization of $468.78 billion, a price-to-earnings ratio of 55.55, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate 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 posted $8.28 EPS. Equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 424 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $994.63, for a total value of $421,723.12. Following the sale, the insider now owns 31,610 shares in the company, valued at $31,440,254.30. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 273,855 shares of company stock worth $267,474,816 in the last ninety days. 1.76% of the stock is owned by insiders.

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.