Dynasty Wealth Management LLC Buys 118 Shares of Netflix, Inc. (NASDAQ:NFLX)

Dynasty Wealth Management LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,397 shares of the Internet television network’s stock after purchasing an additional 118 shares during the period. Dynasty Wealth Management LLC’s holdings in Netflix were worth $3,028,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. AMF Tjanstepension AB raised its holdings in Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after acquiring an additional 4,701 shares in the last quarter. Swedbank AB increased its position in shares of Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares during the period. Oak Harvest Investment Services raised its stake in shares of Netflix by 1.9% in the third quarter. Oak Harvest Investment Services now owns 4,492 shares of the Internet television network’s stock valued at $3,186,000 after purchasing an additional 84 shares in the last quarter. Cornerstone Wealth Group LLC raised its stake in shares of Netflix by 17.4% in the third quarter. Cornerstone Wealth Group LLC now owns 1,492 shares of the Internet television network’s stock valued at $1,058,000 after purchasing an additional 221 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its position in Netflix by 1.8% in the third quarter. Financial Advocates Investment Management now owns 4,021 shares of the Internet television network’s stock worth $2,852,000 after purchasing an additional 72 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,380 shares of company stock valued at $290,016,164. 1.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of several analyst reports. Pivotal Research boosted their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Bank of America upped their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and upped their price objective for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

Shares of NFLX stock opened at $963.07 on Friday. The stock has a market cap of $411.96 billion, a PE ratio of 48.57, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The stock has a 50-day moving average of $946.29 and a 200-day moving average of $828.40. 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, Inc. has a one year low of $542.01 and a one year high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.11 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.