Founders Grove Wealth Partners LLC Makes New $201,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Founders Grove Wealth Partners LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 226 shares of the Internet television network’s stock, valued at approximately $201,000.

Several other large investors have also recently bought and sold shares of the company. Moseley Investment Management Inc. lifted its holdings in Netflix by 6.9% during the 4th quarter. Moseley Investment Management Inc. now owns 2,648 shares of the Internet television network’s stock worth $2,360,000 after buying an additional 170 shares in the last quarter. M. Kraus & Co bought a new stake in shares of Netflix during the 4th quarter valued at $233,000. Acropolis Investment Management LLC raised its position in shares of Netflix by 5.7% during the 4th quarter. Acropolis Investment Management LLC now owns 297 shares of the Internet television network’s stock valued at $265,000 after acquiring an additional 16 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Netflix by 39.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,616 shares of the Internet television network’s stock valued at $1,440,000 after acquiring an additional 453 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of Netflix by 55.9% during the 4th quarter. Park Avenue Securities LLC now owns 19,086 shares of the Internet television network’s stock valued at $17,012,000 after acquiring an additional 6,841 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock worth $131,030,268 over the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

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

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Sanford C. Bernstein upped their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lowered their price objective on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Rosenblatt Securities upped their price objective on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Bank of America upped their price objective on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Citigroup upped their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $845.82.

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.