Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Jupiter Wealth Management LLC

Jupiter Wealth Management LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 633.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,100 shares of the Internet television network’s stock after buying an additional 950 shares during the quarter. Jupiter Wealth Management LLC’s holdings in Netflix were worth $980,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the fourth quarter valued at approximately $27,000. Pathway Financial Advisers LLC grew its position in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. Transce3nd LLC purchased a new position in Netflix in the 4th quarter valued at $32,000. Newton One Investments LLC acquired a new position in Netflix in the 4th quarter valued at $34,000. Finally, Pineridge Advisors LLC raised its position in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 1,358 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock worth $138,483,256 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NFLX shares. UBS Group lowered their target price on shares of Netflix from $1,150.00 to $1,140.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. FBN Securities started coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price objective for the company. Rosenblatt Securities lifted their price objective on Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a report on Monday, April 21st. Pivotal Research increased their target price on Netflix from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Finally, Phillip Securities raised Netflix from a “moderate sell” rating to a “hold” rating in a report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,102.79.

Netflix Stock Down 0.2%

NFLX stock opened at $1,185.39 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company’s 50 day simple moving average is $1,036.22 and its 200-day simple moving average is $960.54. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,211.22. The firm has a market capitalization of $504.47 billion, a PE ratio of 59.78, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the prior year, the company earned $8.28 EPS. Equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.