SMART Wealth LLC Acquires New Holdings in Netflix, Inc. (NASDAQ:NFLX)

SMART Wealth LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 583 shares of the Internet television network’s stock, valued at approximately $414,000.

Other large investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the 3rd quarter valued at approximately $25,000. Denver PWM LLC acquired a new position in shares of Netflix during the second quarter valued at $25,000. Proffitt & Goodson Inc. raised its stake in shares of Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the third quarter worth about $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $918.87 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a one year low of $461.86 and a one year high of $941.75. The business’s 50-day moving average price is $814.02 and its two-hundred day moving average price is $720.29. The company has a market capitalization of $392.78 billion, a P/E ratio of 52.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27.

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

Wall Street Analyst Weigh In

A number of research firms have commented on NFLX. Wells Fargo & Company boosted their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Needham & Company LLC upped their target price on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. The Goldman Sachs Group set a $750.00 price objective on Netflix in a research note on Friday, October 18th. Finally, Evercore ISI raised their target price on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $787.85.

Insider Buying and Selling at Netflix

In other news, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total value of $306,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $60,023.60. The trade was a 99.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 165,405 shares of company stock worth $129,623,487 over the last 90 days. Insiders own 1.76% of the company’s stock.

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.