Tradition Wealth Management LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Tradition Wealth Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 40.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,209 shares of the Internet television network's stock after buying an additional 350 shares during the period. Tradition Wealth Management LLC's holdings in Netflix were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Pathway Financial Advisers LLC boosted its stake in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the period. Transce3nd LLC acquired a new stake in Netflix in the 4th quarter valued at approximately $32,000. Newton One Investments LLC purchased a new stake in Netflix in the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC lifted its stake in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its position in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after buying an additional 16 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. Macquarie boosted 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. UBS Group cut their price target on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Pivotal Research reaffirmed a "buy" rating and set a $1,350.00 target price (up from $1,250.00) on shares of Netflix in a research note on Thursday, April 17th. Finally, Morgan Stanley raised their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,070.65.

Netflix Stock Performance

NASDAQ NFLX traded up $47.28 during trading on Thursday, reaching $1,096.87. The company's stock had a trading volume of 6,364,836 shares, compared to its average volume of 3,716,696. The business's fifty day moving average price is $953.84 and its 200-day moving average price is $898.31. Netflix, Inc. has a twelve month low of $544.25 and a twelve month high of $1,100.80. 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 firm has a market cap of $469.19 billion, a price-to-earnings ratio of 55.31, a P/E/G ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $10.51 billion. During the same quarter in the previous year, the firm posted $8.28 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now owns 31,610 shares of the company's stock, valued at $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Insiders have sold a total of 273,855 shares of company stock worth $267,474,816 in the last three months. Insiders own 1.76% of the company's stock.

About Netflix

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.