2,848 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, HoldingsChannel reports. The fund purchased 2,848 shares of the Internet television network’s stock, valued at approximately $1,387,000.

A number of other large investors also recently added to or reduced their stakes in NFLX. Regent Peak Wealth Advisors LLC grew its holdings in Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after acquiring an additional 21 shares during the period. Centurion Wealth Management LLC grew its holdings in Netflix by 2.4% during the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock worth $479,000 after acquiring an additional 23 shares during the period. Secure Asset Management LLC grew its holdings in Netflix by 2.7% during the fourth quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock worth $440,000 after acquiring an additional 24 shares during the period. Gordian Capital Singapore Pte Ltd grew its holdings in Netflix by 0.3% during the second quarter. Gordian Capital Singapore Pte Ltd now owns 9,821 shares of the Internet television network’s stock worth $4,326,000 after acquiring an additional 25 shares during the period. Finally, Key Financial Inc grew its holdings in Netflix by 14.4% during the third quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock worth $75,000 after acquiring an additional 25 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. Jefferies Financial Group raised their target price on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. Morgan Stanley increased their price target on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday. KeyCorp increased their price target on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Barclays increased their price target on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. increased their price target on Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $603.48.

Netflix Trading Up 1.7 %

Shares of NASDAQ NFLX traded up $10.37 during trading on Tuesday, reaching $617.52. The stock had a trading volume of 3,513,984 shares, compared to its average volume of 4,254,300. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The business’s 50-day moving average price is $602.41 and its 200-day moving average price is $508.76. The company has a market cap of $267.24 billion, a P/E ratio of 51.70, a PEG ratio of 1.69 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post 17.02 EPS for the current fiscal year.

Insider Activity

In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the transaction, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 268,335 shares of company stock valued at $151,619,811. 2.45% 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.