Fourth Dimension Wealth LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Fourth Dimension Wealth LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,706 shares of the Internet television network’s stock, valued at approximately $1,521,000.

A number of other hedge funds have also modified their holdings of NFLX. Capital & Planning LLC purchased a new stake in shares of Netflix in the fourth quarter worth about $809,000. XML Financial LLC boosted its stake in shares of Netflix by 7.1% in the fourth quarter. XML Financial LLC now owns 330 shares of the Internet television network’s stock worth $294,000 after buying an additional 22 shares during the last quarter. Albion Financial Group UT boosted its stake in shares of Netflix by 622.2% in the fourth quarter. Albion Financial Group UT now owns 65 shares of the Internet television network’s stock worth $58,000 after buying an additional 56 shares during the last quarter. Evolution Wealth Advisors LLC boosted its stake in shares of Netflix by 13.0% in the fourth quarter. Evolution Wealth Advisors LLC now owns 582 shares of the Internet television network’s stock worth $519,000 after buying an additional 67 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in shares of Netflix by 12.1% in the fourth quarter. Wesbanco Bank Inc. now owns 10,062 shares of the Internet television network’s stock worth $8,968,000 after buying an additional 1,083 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of Netflix stock opened at $1,187.97 on Friday. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,211.22. The company has a market cap of $505.57 billion, a price-to-earnings ratio of 59.91, a PEG ratio of 2.12 and a beta of 1.58. 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 business’s 50 day moving average price is $1,031.11 and its 200 day moving average price is $957.63.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $8.28 earnings per share. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a research note on Monday. Rosenblatt Securities increased their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Robert W. Baird increased their price target on Netflix from $1,200.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Finally, Benchmark reiterated a “hold” rating on shares of Netflix in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,102.79.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction on Wednesday, February 26th. 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 at the SEC website. Also, Director Ann Mather sold 1,358 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,868 shares of company stock worth $138,483,256. 1.76% of the stock is owned by corporate insiders.

Netflix Company 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.