405 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Centric Wealth Management

Centric Wealth Management bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 405 shares of the Internet television network’s stock, valued at approximately $197,000.

Several other hedge funds also recently bought and sold shares of NFLX. Columbia Trust Co 01012016 raised its stake in Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after purchasing an additional 208 shares during the last quarter. Crumly & Associates Inc. lifted its stake in shares of Netflix by 4.1% during the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after buying an additional 83 shares during the period. Venture Visionary Partners LLC boosted its position in Netflix by 15.4% during the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after acquiring an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after acquiring an additional 392,427 shares during the period. Finally, Sandy Cove Advisors LLC raised its holdings in Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.5 %

NFLX stock traded up $9.03 during mid-day trading on Tuesday, hitting $606.00. 3,608,993 shares of the company were exchanged, compared to its average volume of 4,419,100. The firm has a fifty day simple moving average of $602.85 and a 200 day simple moving average of $531.62. The company has a market capitalization of $261.16 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a twelve month low of $322.03 and a twelve month high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period last year, the firm earned $2.88 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, research analysts forecast that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NFLX shares. Oppenheimer reiterated an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research note on Friday, April 19th. Jefferies Financial Group raised their target price on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. UBS Group upped their price target on shares of Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Pivotal Research increased their price target on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $631.15.

Insider Transactions at Netflix

In related news, Director Ann Mather sold 3,673 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the transaction, the chief executive officer now owns 1,278 shares in the company, valued at approximately $717,379.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,141 shares of company stock worth $90,796,396. 1.76% of the stock is currently owned by company insiders.

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.