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

Keyvantage Wealth LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 486 shares of the Internet television network's stock, valued at approximately $433,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hancock Whitney Corp increased its position in Netflix by 1.4% during the fourth quarter. Hancock Whitney Corp now owns 29,241 shares of the Internet television network's stock worth $26,063,000 after acquiring an additional 405 shares during the period. Science & Technology Partners L.P. acquired a new position in shares of Netflix during the 4th quarter worth approximately $1,560,000. Integrated Wealth Concepts LLC increased its holdings in shares of Netflix by 12.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 12,312 shares of the Internet television network's stock worth $10,973,000 after purchasing an additional 1,335 shares during the period. Burling Wealth Partners LLC acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $270,000. Finally, RiverPark Advisors LLC boosted its stake in shares of Netflix by 32.3% in the fourth quarter. RiverPark Advisors LLC now owns 4,867 shares of the Internet television network's stock valued at $4,338,000 after buying an additional 1,188 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

NFLX opened at $1,049.94 on Thursday. Netflix, Inc. has a 12-month low of $544.25 and a 12-month high of $1,064.97. The company has a market cap of $449.12 billion, a price-to-earnings ratio of 52.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $953.84 and a two-hundred day simple moving average of $898.31.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the company earned $8.28 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NFLX. Arete Research raised Netflix to a "hold" rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. FBN Securities began coverage on shares of Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price objective on the stock. Rosenblatt Securities boosted their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday. Finally, Seaport Res Ptn upgraded shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Ten investment 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,070.65.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $994.63, for a total transaction of $421,723.12. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $31,440,254.30. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Insiders have sold 273,855 shares of company stock worth $267,474,816 in the last quarter. Company insiders own 1.76% of the company's stock.

Netflix 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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