Lionshead Wealth Management LLC Takes $204,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Lionshead Wealth Management LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 229 shares of the Internet television network’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in Netflix during the fourth quarter worth approximately $5,019,087,000. Proficio Capital Partners LLC increased its position in shares of Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock valued at $1,716,662,000 after purchasing an additional 1,924,423 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock valued at $2,051,016,000 after purchasing an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock valued at $870,752,000 after purchasing an additional 743,724 shares during the period. Finally, Northern Trust Corp lifted its holdings in Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network’s stock valued at $4,076,903,000 after acquiring an additional 570,674 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX opened at $1,139.81 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,164.00. The firm has a market capitalization of $485.07 billion, a price-to-earnings ratio of 57.48, a P/E/G ratio of 2.12 and a beta of 1.58. The stock has a fifty day moving average of $984.97 and a 200 day moving average of $934.31.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the business posted $8.28 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on NFLX. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Rosenblatt Securities upped their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. JPMorgan Chase & Co. upped their target price on Netflix from $1,025.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Cfra Research upgraded shares of Netflix to a “strong-buy” rating in a research note on Monday, April 28th. Finally, Oppenheimer reissued an “outperform” rating and set a $1,200.00 target price (up from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,084.91.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 2,027 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the completion of the transaction, the chief executive officer now directly owns 12,781 shares in the company, valued at $14,589,639.31. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 127,591 shares of company stock valued at $132,515,581. Company 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.