Tyche Wealth Partners LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Tyche Wealth Partners LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,848 shares of the Internet television network’s stock, valued at approximately $1,387,000.

Several other large investors also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Netflix by 93.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 175,070 shares of the Internet television network’s stock worth $85,238,000 after buying an additional 84,415 shares during the period. Everence Capital Management Inc. grew its position in Netflix by 1.2% in the 4th quarter. Everence Capital Management Inc. now owns 11,970 shares of the Internet television network’s stock valued at $5,828,000 after purchasing an additional 140 shares during the period. Eagle Bluffs Wealth Management LLC grew its position in Netflix by 1.2% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 4,841 shares of the Internet television network’s stock valued at $2,357,000 after purchasing an additional 56 shares during the period. Signet Financial Management LLC acquired a new stake in Netflix in the 4th quarter valued at $231,000. Finally, Marietta Wealth Management LLC grew its position in Netflix by 0.9% in the 4th quarter. Marietta Wealth Management LLC now owns 13,617 shares of the Internet television network’s stock valued at $6,630,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock valued at $151,619,811 in the last quarter. 2.45% of the stock is currently owned by corporate insiders.

Netflix Price Performance

NFLX stock traded up $10.37 during mid-day trading on Tuesday, reaching $617.52. 3,513,984 shares of the company traded hands, compared to its average volume of 4,254,300. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $267.24 billion, a P/E ratio of 51.70, a P/E/G ratio of 1.69 and a beta of 1.22. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00. The company has a fifty day moving average price of $602.41 and a 200-day moving average price of $508.76.

Netflix (NASDAQ:NFLX) last posted its earnings results 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 company had revenue of $8.83 billion for the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. As a group, analysts anticipate that Netflix, Inc. will post 17.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NFLX. Wedbush lifted their price target on shares of Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a research report on Wednesday, March 27th. Jefferies Financial Group lifted their price objective on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. UBS Group lifted their price objective on shares of Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Finally, Macquarie lifted their price objective on shares of Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $603.48.

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.