Transform Wealth LLC Buys 8,183 Shares of Netflix, Inc. (NASDAQ:NFLX)

Transform Wealth LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 923.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,069 shares of the Internet television network’s stock after acquiring an additional 8,183 shares during the quarter. Transform Wealth LLC’s holdings in Netflix were worth $8,083,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Netflix by 700.0% during 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 buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix in the 3rd quarter valued at $37,000. FSA Wealth Management LLC acquired a new stake in shares of Netflix during the 3rd quarter valued at $38,000. Finally, First Personal Financial Services bought a new stake in Netflix during the 3rd quarter worth $40,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on NFLX. BMO Capital Markets increased their target price on Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Jefferies Financial Group raised their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Bank of America boosted their target price on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Loop Capital cut their price target on shares of Netflix from $950.00 to $925.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Finally, KeyCorp boosted their price objective on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $845.06.

Netflix Stock Performance

Shares of Netflix stock opened at $858.10 on Tuesday. Netflix, Inc. has a 52 week low of $476.06 and a 52 week high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $885.64 and a 200-day moving average price of $760.81. The company has a market cap of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27.

Netflix Company 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.