Perigon Wealth Management LLC Has $10.06 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Perigon Wealth Management LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,943 shares of the Internet television network's stock after buying an additional 674 shares during the period. Perigon Wealth Management LLC's holdings in Netflix were worth $10,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the third quarter valued at $37,000. FSA Wealth Management LLC acquired a new stake in Netflix during the 3rd quarter valued at $38,000. Finally, First Personal Financial Services purchased a new stake in Netflix during the 3rd quarter worth $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

NFLX stock traded down $0.06 during trading on Tuesday, reaching $971.83. 3,427,425 shares of the company's stock were exchanged, compared to its average volume of 4,701,228. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The firm has a market cap of $415.42 billion, a PE ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27. The company's fifty day moving average price is $897.63 and its 200-day moving average price is $770.43. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.11 EPS. On average, research analysts expect that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent analyst reports. Macquarie raised their target price on Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a "neutral" rating to a "buy" rating and raised their price objective for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Robert W. Baird upped their target price on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Bank of America raised their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,021.70.

Insider Activity

In other news, insider David A. Hyman sold 267 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders sold 147,117 shares of company stock worth $123,913,691 over the last three months. Corporate 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.