SeaCrest Wealth Management LLC Has $3.41 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

SeaCrest Wealth Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,825 shares of the Internet television network’s stock after purchasing an additional 19 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Netflix were worth $3,409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC bought a new position in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new position in shares of Netflix in the third quarter valued at $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix in the 3rd quarter valued at about $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,742 shares of company stock valued at $131,030,268. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $828.40 on Wednesday. The firm has a 50 day moving average of $881.04 and a 200-day moving average of $755.96. The company has a market cap of $354.11 billion, a price-to-earnings ratio of 46.88, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. On average, equities analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on NFLX. KeyCorp boosted their target price on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. TD Cowen boosted their price target on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. reduced their price objective on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $841.27.

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.