Surience Private Wealth LLC Takes $4.30 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Surience Private Wealth LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,827 shares of the Internet television network’s stock, valued at approximately $4,302,000. Netflix accounts for about 5.6% of Surience Private Wealth LLC’s investment portfolio, making the stock its 9th biggest position.

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

Insiders Place Their Bets

In related news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were 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. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 in the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

NFLX opened at $848.26 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50 day simple moving average is $881.04 and its 200 day simple moving average is $755.96. The firm has a market cap of $362.60 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75.

Netflix (NASDAQ:NFLX) last issued 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. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on NFLX shares. Loop Capital lowered Netflix from a “buy” rating to a “hold” rating and boosted their price objective for the company from $800.00 to $950.00 in a research note on Monday, December 16th. BMO Capital Markets increased their price target on shares of Netflix from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley raised their price objective on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Canaccord Genuity Group raised their price target on shares of Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.