Potentia Wealth Invests $382,000 in Netflix, Inc. (NASDAQ:NFLX)

Potentia Wealth purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 429 shares of the Internet television network's stock, valued at approximately $382,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Michigan Advisors LLC lifted its position in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. raised its position in Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC lifted its holdings in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after purchasing an additional 10 shares in the last quarter. Enzi Wealth grew its position in shares of Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after purchasing an additional 11 shares during the period. Finally, TCI Wealth Advisors Inc. grew its position in shares of Netflix by 1.6% in the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock valued at $624,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

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Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the firm's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company's stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 288,103 shares of company stock worth $279,142,041. Insiders own 1.76% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on NFLX shares. Wedbush reaffirmed an "outperform" rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Evercore ISI increased their price objective on Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a "market perform" rating to an "outperform" rating and upped their price target for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Finally, Benchmark upgraded shares of Netflix from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $1,016.78.

Netflix Stock Up 2.6 %

NASDAQ NFLX traded up $25.29 during trading on Tuesday, reaching $997.28. 3,775,858 shares of the company's stock were exchanged, compared to its average volume of 3,487,108. The company has a 50 day moving average price of $965.09 and a two-hundred day moving average price of $863.43. The stock has a market cap of $426.59 billion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share 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 analysts' expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.11 earnings per share. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.