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

Accurate Wealth Management LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,548 shares of the Internet television network’s stock after acquiring an additional 238 shares during the period. Accurate Wealth Management LLC’s holdings in Netflix were worth $1,298,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NFLX. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew 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 valued at $34,000 after purchasing an additional 42 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix during the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the 3rd quarter valued at approximately $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is currently owned by company insiders.

Netflix Price Performance

Netflix stock opened at $828.40 on Wednesday. The company’s 50 day simple moving average is $881.04 and its 200-day simple moving average is $755.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75. The company has a market capitalization of $354.11 billion, a price-to-earnings ratio of 46.88, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. As a group, equities research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on NFLX. BMO Capital Markets reissued an “outperform” rating and issued a $825.00 price target (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. KeyCorp boosted their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. TD Cowen raised their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Sanford C. Bernstein boosted their price objective on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, Oppenheimer raised their target price on Netflix from $825.00 to $1,065.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $841.27.

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.