Surience Private Wealth LLC Purchases New Shares in Netflix, Inc. (NASDAQ:NFLX)

Surience Private Wealth LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,827 shares of the Internet television network’s stock, valued at approximately $4,302,000. Netflix accounts for approximately 5.6% of Surience Private Wealth LLC’s holdings, making the stock its 9th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix in the third quarter worth $37,000. FSA Wealth Management LLC purchased a new stake in shares of Netflix in the third quarter worth $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix during the third quarter valued at $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,817,500. The trade was a 24.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock worth $131,030,268 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

NASDAQ:NFLX opened at $848.26 on Thursday. The stock has a 50-day moving average price of $881.04 and a 200 day moving average price of $755.96. The stock has a market capitalization of $362.60 billion, a P/E ratio of 48.01, a P/E/G ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Equities research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on NFLX. Macquarie increased their price objective on shares of Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday. Wells Fargo & Company raised their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Citigroup upped their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. UBS Group lifted their target price on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Oppenheimer lowered their price target on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $845.82.

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.