Serenus Wealth Advisors LLC Invests $365,000 in Netflix, Inc. (NASDAQ:NFLX)

Serenus Wealth Advisors LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 410 shares of the Internet television network’s stock, valued at approximately $365,000.

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

Analyst Ratings Changes

Several research firms recently commented on NFLX. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a report on Tuesday. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and raised their target price for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. KeyCorp upped their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 4,434 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,015.00, for a total value of $4,500,510.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,144,250. This represents a 25.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 299,517 shares of company stock worth $285,805,037. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $1,013.93 on Friday. The stock has a 50-day simple moving average of $914.82 and a 200-day simple moving average of $787.62. The stock has a market capitalization of $433.72 billion, a PE ratio of 51.13, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,027.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

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

Netflix 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.