DecisionMap Wealth Management LLC Takes $343,000 Position in Netflix, Inc. (NASDAQ:NFLX)

DecisionMap Wealth Management LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 385 shares of the Internet television network’s stock, valued at approximately $343,000.

A number of other hedge funds have also modified their holdings of the business. Nordea Investment Management AB grew its holdings in shares of Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after purchasing an additional 156,958 shares during the period. Haven Private LLC purchased a new stake in shares of Netflix in the fourth quarter valued at about $733,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the period. Sigma Planning Corp grew its holdings in shares of Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after purchasing an additional 386 shares during the period. Finally, Natixis Advisors LLC boosted its stake in Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after buying an additional 11,921 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 2.7 %

Shares of NFLX stock opened at $919.68 on Thursday. The firm has a 50-day moving average price of $950.23 and a 200 day moving average price of $845.78. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a market capitalization of $393.40 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 2.12 and a beta of 1.38. 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 (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company posted $2.11 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Reed Hastings sold 30,485 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the completion of the transaction, the chairman now owns 394 shares of the company’s stock, valued at $386,876.48. This represents a 98.72 % decrease in their position. The transaction 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 business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock valued at $279,142,041 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research analyst reports. Robert W. Baird increased their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and raised their target price for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Evercore ISI raised their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. KeyCorp raised their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,014.26.

About Netflix

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.