FFT Wealth Management LLC Takes $209,000 Position in Netflix, Inc. (NASDAQ:NFLX)

FFT Wealth Management LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 235 shares of the Internet television network’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Delta Financial Advisors LLC increased its stake in shares of Netflix by 4.0% in the 4th quarter. Delta Financial Advisors LLC now owns 391 shares of the Internet television network’s stock valued at $349,000 after acquiring an additional 15 shares in the last quarter. Longbow Finance SA grew its holdings in shares of Netflix by 30.3% during the fourth quarter. Longbow Finance SA now owns 18,264 shares of the Internet television network’s stock valued at $16,279,000 after buying an additional 4,248 shares during the last quarter. Schoolcraft Capital LLC acquired a new position in Netflix during the 4th quarter valued at about $204,000. Los Angeles Capital Management LLC grew its holdings in Netflix by 41.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 583,278 shares of the Internet television network’s stock worth $519,887,000 after buying an additional 169,520 shares in the last quarter. Finally, Todd Asset Management LLC grew its stake in shares of Netflix by 4.2% in the 4th quarter. Todd Asset Management LLC now owns 32,691 shares of the Internet television network’s stock worth $29,138,000 after acquiring an additional 1,310 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is owned by insiders.

Netflix Stock Up 1.3 %

Netflix stock opened at $990.06 on Thursday. The stock’s fifty day simple moving average is $945.07 and its 200-day simple moving average is $827.46. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The firm has a market capitalization of $423.51 billion, a P/E ratio of 49.93, a P/E/G ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the company earned $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. UBS Group raised their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Arete Research raised shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Wedbush reaffirmed an “outperform” rating and issued a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Phillip Securities cut shares of Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Finally, Guggenheim boosted their target price on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten research 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

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.