Bogart Wealth LLC Purchases 1,561 Shares of Netflix, Inc. (NASDAQ:NFLX)

Bogart Wealth LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,357 shares of the Internet television network’s stock after buying an additional 1,561 shares during the period. Bogart Wealth LLC’s holdings in Netflix were worth $9,911,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new stake in Netflix during the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix during the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC raised its holdings in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in Netflix by 89.7% in 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 acquiring an additional 35 shares in the last quarter. Finally, Pacifica Partners Inc. acquired a new position in Netflix in the 4th quarter valued at $41,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 0.2 %

Netflix stock traded up $1.30 during trading hours on Thursday, hitting $610.77. 512,098 shares of the stock traded hands, compared to its average volume of 4,360,092. The firm’s 50-day moving average price is $602.85 and its two-hundred day moving average price is $531.62. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a market cap of $263.22 billion, a PE ratio of 42.29, a PEG ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a one year low of $329.51 and a one year high of $639.00.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same period last year, the business earned $2.88 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. On average, research analysts forecast that Netflix, Inc. will post 18.3 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NFLX. Morgan Stanley lifted their price objective on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Sanford C. Bernstein lifted their price objective on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a report on Friday, April 19th. UBS Group lifted their price target on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Wedbush reiterated an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research note on Friday, April 19th. Finally, TD Cowen lifted their price target on Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $631.15.

Insider Activity

In related news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Netflix news, insider David A. Hyman sold 268 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. The disclosure for this sale can be found here. Insiders sold a total of 146,432 shares of company stock valued at $84,762,938 in the last 90 days. Company insiders own 1.76% of the company’s stock.

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.