16,164 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by SVB Wealth LLC

SVB Wealth LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,164 shares of the Internet television network’s stock, valued at approximately $14,407,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Enzi Wealth grew its stake in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after buying an additional 11 shares during the period. TCI Wealth Advisors Inc. lifted its position in shares of Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after purchasing an additional 11 shares in the last quarter. Everett Harris & Co. CA lifted its holdings in Netflix by 1.3% in the 4th quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock worth $775,000 after buying an additional 11 shares in the last quarter. Blossom Wealth Management boosted its position in Netflix by 0.9% in the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock valued at $1,112,000 after buying an additional 11 shares during the last quarter. Finally, Beacon Financial Advisory LLC grew its stake in shares of Netflix by 0.9% during the fourth quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock valued at $1,145,000 after acquiring an additional 11 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were 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 directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold 303,380 shares of company stock worth $290,016,164 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of several recent analyst reports. UBS Group boosted their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and upped their target price for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Bank of America raised their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

Shares of NFLX stock opened at $980.56 on Friday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $419.44 billion, a price-to-earnings ratio of 49.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The business has a 50 day simple moving average of $947.72 and a 200 day simple moving average of $830.81.

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

Netflix Company 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.