Ameritas Advisory Services LLC Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Ameritas Advisory Services LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,733 shares of the Internet television network's stock after acquiring an additional 973 shares during the quarter. Ameritas Advisory Services LLC's holdings in Netflix were worth $3,327,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Netflix during the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in 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 valued at $34,000 after buying an additional 42 shares during the period. Decker Retirement Planning Inc. bought a new position in Netflix during the fourth quarter valued at about $43,000. MidAtlantic Capital Management Inc. bought a new position in Netflix during the third quarter valued at about $37,000. Finally, FSA Wealth Management LLC bought a new position in Netflix during the third quarter valued at about $38,000. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares in the company, valued at $185,976. This represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,198 shares of company stock worth $127,616,898 over the last ninety days. Insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NFLX. Guggenheim increased their price target on shares of Netflix from $825.00 to $950.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Bank of America increased their price target 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. Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Pivotal Research upped their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Finally, Wolfe Research reaffirmed an "outperform" rating on shares of Netflix in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $845.06.

Netflix Price Performance

NASDAQ NFLX traded up $15.73 on Monday, reaching $858.10. 3,563,913 shares of the company's stock traded hands, compared to its average volume of 2,297,633. Netflix, Inc. has a 12 month low of $476.06 and a 12 month high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50-day simple moving average of $884.58 and a 200 day simple moving average of $759.58. The stock has a market cap of $366.80 billion, a PE ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27.

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

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.