Arete Wealth Advisors LLC Buys 1,357 Shares of Netflix, Inc. (NASDAQ:NFLX)

Arete Wealth Advisors LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 150.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,258 shares of the Internet television network's stock after acquiring an additional 1,357 shares during the period. Arete Wealth Advisors LLC's holdings in Netflix were worth $2,017,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock valued at $1,200,485,000 after buying an additional 198,148 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Netflix by 43.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 32,902 shares of the Internet television network's stock worth $23,336,000 after acquiring an additional 10,001 shares in the last quarter. Reynders McVeigh Capital Management LLC grew its stake in Netflix by 4.8% in the third quarter. Reynders McVeigh Capital Management LLC now owns 434 shares of the Internet television network's stock valued at $307,000 after acquiring an additional 20 shares during the period. Royal London Asset Management Ltd. increased its holdings in shares of Netflix by 3.8% in the third quarter. Royal London Asset Management Ltd. now owns 277,595 shares of the Internet television network's stock worth $196,890,000 after acquiring an additional 10,248 shares in the last quarter. Finally, Quarry LP raised its position in shares of Netflix by 2,466.7% during the third quarter. Quarry LP now owns 770 shares of the Internet television network's stock worth $546,000 after purchasing an additional 740 shares during the period. Institutional investors own 80.93% of the company's stock.

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Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now owns 394 shares of the company's stock, valued at approximately $362,933.10. This trade represents a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 280,676 shares of company stock worth $273,515,672 in the last quarter. 1.76% of the stock is owned by insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $61.19 during trading on Friday, hitting $855.86. 6,781,959 shares of the company were exchanged, compared to its average volume of 3,625,380. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a market capitalization of $366.10 billion, a P/E ratio of 43.16, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The business's 50 day moving average is $970.24 and its 200-day moving average is $875.80.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the prior year, the firm earned $2.11 EPS. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NFLX. Moffett Nathanson upgraded Netflix from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $850.00 to $1,100.00 in a research report on Monday, March 17th. Phillip Securities cut shares of Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. Seaport Res Ptn upgraded shares of Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Guggenheim reissued a "buy" rating and issued a $1,100.00 price target on shares of Netflix in a research note on Thursday. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,023.74.

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.