RVW Wealth LLC Invests $645,000 in Netflix, Inc. (NASDAQ:NFLX)

RVW Wealth LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 724 shares of the Internet television network's stock, valued at approximately $645,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Netflix by 700.0% in 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 acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new position in Netflix during the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix in the 3rd quarter worth approximately $40,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of Netflix stock traded down $4.91 during trading hours on Thursday, hitting $973.24. 3,863,469 shares of the company's stock traded hands, compared to its average volume of 4,564,333. The stock has a market capitalization of $416.02 billion, a price-to-earnings ratio of 49.08, a PEG ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The company has a fifty day simple moving average of $901.54 and a 200-day simple moving average of $774.15.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Argus boosted their price objective on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Wolfe Research upgraded Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price for the company in a report on Thursday, January 23rd. Finally, Phillip Securities cut Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.70.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total transaction of $334,319.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the transaction, the chief executive officer now directly owns 2,556 shares of the company's stock, valued at $1,960,579.80. The trade was a 33.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,117 shares of company stock valued at $123,913,691. 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.