Waterfront Wealth Inc. Purchases 115 Shares of Netflix, Inc. (NASDAQ:NFLX)

Waterfront Wealth Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,222 shares of the Internet television network’s stock after acquiring an additional 115 shares during the quarter. Waterfront Wealth Inc.’s holdings in Netflix were worth $1,569,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC bought a new stake in Netflix in the 3rd quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new stake in Netflix in the third quarter worth approximately $26,000. Carmel Capital Partners LLC grew its position in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the period. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after buying an additional 35 shares during the period. Finally, Evermay Wealth Management LLC boosted its stake in shares of Netflix by 94.9% in the 1st quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after buying an additional 56 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of Netflix from $575.00 to $625.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. UBS Group lifted their price target on shares of Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. TD Cowen lifted their target price on Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Benchmark boosted their price target on Netflix from $350.00 to $425.00 and gave the company a “sell” rating in a report on Friday, January 19th. Finally, Redburn Atlantic raised their price objective on Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $605.76.

Netflix Stock Down 0.6 %

NASDAQ:NFLX traded down $3.83 during midday trading on Wednesday, reaching $613.69. The company had a trading volume of 3,273,978 shares, compared to its average volume of 4,241,472. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00. The firm has a market capitalization of $265.58 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 1.64 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock’s fifty day simple moving average is $604.73 and its 200-day simple moving average is $511.17.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The company had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. During the same quarter in the previous year, the business posted $0.12 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Netflix, Inc. will post 17.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix 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 value of $25,591,006.08. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock worth $151,619,811 over the last 90 days. 2.45% of the stock is owned by 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.