2,821 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Three Seasons Wealth LLC

Three Seasons Wealth LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,821 shares of the Internet television network's stock, valued at approximately $2,514,000. Netflix comprises approximately 1.2% of Three Seasons Wealth LLC's holdings, making the stock its 22nd biggest holding.

A number of other large investors have also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in Netflix by 13.3% during the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock valued at $1,200,485,000 after purchasing an additional 198,148 shares in the last quarter. McIlrath & Eck LLC increased its holdings in shares of Netflix by 13.8% in the 3rd quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock worth $175,000 after buying an additional 30 shares during the last quarter. Advisory Resource Group increased its position in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock valued at $1,238,000 after purchasing an additional 12 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of Netflix by 356.5% in the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network's stock worth $9,844,000 after acquiring an additional 10,839 shares during the last quarter. Finally, SOA Wealth Advisors LLC. lifted its stake in Netflix by 1.2% in the third quarter. SOA Wealth Advisors LLC. now owns 1,515 shares of the Internet television network's stock worth $1,075,000 after purchasing an additional 18 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research note on Wednesday, January 22nd. Evercore ISI upped their price objective on shares of Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Wedbush increased their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Finally, Wolfe Research upgraded shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price for the company in a research report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,072.12.

Netflix Price Performance

Shares of NFLX traded up $4.66 on Friday, hitting $1,101.53. The company's stock had a trading volume of 3,944,668 shares, compared to its average volume of 3,708,273. The company has a 50 day moving average price of $955.92 and a 200 day moving average price of $904.88. Netflix, Inc. has a fifty-two week low of $544.25 and a fifty-two week high of $1,106.80. The company has a market capitalization of $468.78 billion, a PE ratio of 55.55, a PEG ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

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 (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the business earned $8.28 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other news, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. 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 ninety days. 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.