Blossom Wealth Management Acquires 300 Shares of Netflix, Inc. (NASDAQ:NFLX)

Blossom Wealth Management boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 33.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,187 shares of the Internet television network’s stock after acquiring an additional 300 shares during the quarter. Netflix accounts for approximately 1.6% of Blossom Wealth Management’s investment portfolio, making the stock its 19th biggest holding. Blossom Wealth Management’s holdings in Netflix were worth $578,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Impax Asset Management Group plc lifted its position in Netflix by 11.4% in the 4th quarter. Impax Asset Management Group plc now owns 11,453 shares of the Internet television network’s stock valued at $5,576,000 after acquiring an additional 1,173 shares in the last quarter. Harbour Trust & Investment Management Co bought a new position in shares of Netflix during the 4th quarter worth approximately $530,000. Toth Financial Advisory Corp lifted its position in shares of Netflix by 180.5% during the 4th quarter. Toth Financial Advisory Corp now owns 1,593 shares of the Internet television network’s stock worth $776,000 after buying an additional 1,025 shares in the last quarter. Optas LLC lifted its position in shares of Netflix by 3.4% during the 4th quarter. Optas LLC now owns 1,040 shares of the Internet television network’s stock worth $506,000 after buying an additional 34 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Netflix by 78.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 16,857 shares of the Internet television network’s stock worth $8,208,000 after buying an additional 7,387 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider David A. Hyman sold 47,574 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the sale, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 268,335 shares of company stock worth $151,619,811. 2.45% of the stock is currently owned by company insiders.

Netflix Trading Up 0.1 %

Shares of NASDAQ NFLX traded up $0.38 during midday trading on Wednesday, hitting $618.58. 2,596,893 shares of the company traded hands, compared to its average volume of 4,320,671. The firm has a market cap of $267.70 billion, a P/E ratio of 51.38, a P/E/G ratio of 1.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00. The stock has a 50-day moving average price of $598.03 and a 200 day moving average price of $502.00.

Netflix (NASDAQ:NFLX) last announced 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). The business had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. Netflix’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 EPS. As a group, analysts expect that Netflix, Inc. will post 17.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Wedbush lifted their price target on shares of Netflix from $615.00 to $725.00 and gave the stock an “outperform” rating in a report on Wednesday, March 27th. Jefferies Financial Group lifted their price target on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. Evercore ISI lifted their price target on shares of Netflix from $600.00 to $640.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Finally, Macquarie raised shares of Netflix from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $410.00 to $595.00 in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $592.42.

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.