275 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Momentous Wealth Management Inc.

Momentous Wealth Management Inc. 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 disclosure with the Securities and Exchange Commission. The fund bought 275 shares of the Internet television network's stock, valued at approximately $245,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC grew its holdings in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the third quarter worth $25,000. Newton One Investments LLC bought a new position in Netflix in the fourth quarter worth $34,000. Pineridge Advisors LLC lifted its position in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after buying an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC boosted its holdings in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

Shares of Netflix stock traded up $25.29 on Tuesday, hitting $997.28. 3,775,858 shares of the company's stock were exchanged, compared to its average volume of 3,487,108. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The company has a 50-day simple moving average of $965.09 and a 200-day simple moving average of $863.43. 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 $426.59 billion, a PE ratio of 50.29, a PEG ratio of 2.12 and a beta of 1.38.

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Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 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 for the quarter, compared to analysts' expectations of $10.14 billion. During the same period last year, the firm earned $2.11 EPS. Netflix's revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the sale, the chairman now directly owns 114 shares of the company's stock, valued at $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 41,121 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock valued at $279,142,041 over the last quarter. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NFLX has been the subject of several research reports. Phillip Securities lowered shares of Netflix from a "hold" rating to a "moderate sell" rating in a research note on Friday, January 24th. Moffett Nathanson raised shares of Netflix from a "neutral" rating to a "buy" rating and raised their target price for the company from $850.00 to $1,100.00 in a research note on Monday, March 17th. Morgan Stanley boosted their price target on Netflix from $1,050.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. KeyCorp upped their price target on Netflix from $1,000.00 to $1,100.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC lifted their price objective on Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,016.78.

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.