Maridea Wealth Management LLC Takes $266,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Maridea Wealth Management LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 298 shares of the Internet television network’s stock, valued at approximately $266,000.

Several other hedge funds also recently bought and sold shares of NFLX. West Michigan Advisors LLC boosted its position in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after acquiring an additional 10 shares during the last quarter. Warwick Investment Management Inc. raised its stake in Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after purchasing an additional 10 shares in the last quarter. MRP Capital Investments LLC lifted its position in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock valued at $938,000 after purchasing an additional 10 shares during the last quarter. Enzi Wealth grew its stake in shares of Netflix by 3.4% in the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after buying an additional 11 shares in the last quarter. Finally, TCI Wealth Advisors Inc. increased its holdings in shares of Netflix by 1.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after buying an additional 11 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and increased their price target for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. UBS Group reaffirmed a “buy” rating on shares of Netflix in a research note on Monday, March 10th. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Robert W. Baird raised their price target on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Finally, KeyCorp lifted their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,021.02.

Netflix Stock Performance

Shares of Netflix stock opened at $933.85 on Friday. The company has a market capitalization of $399.46 billion, a PE ratio of 47.09, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a 50-day simple moving average of $971.74 and a two-hundred day simple moving average of $868.10. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

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

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 288,583 shares of company stock valued at $279,611,567 in the last quarter. 1.76% of the stock is currently owned by corporate insiders.

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.