Netflix, Inc. (NASDAQ:NFLX) Holdings Raised by Bell Bank

Bell Bank grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,092 shares of the Internet television network's stock after buying an additional 261 shares during the period. Bell Bank's holdings in Netflix were worth $1,865,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the third quarter valued at $25,000. Pathway Financial Advisers LLC lifted its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% during the 3rd 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. Newton One Investments LLC purchased a new stake in shares of Netflix during the 4th quarter worth about $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in Netflix in the third quarter valued at approximately $37,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. UBS Group boosted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Arete Research raised shares of Netflix to a "hold" rating in a research report on Thursday, January 23rd. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Oppenheimer boosted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Wedbush reiterated an "outperform" rating and issued a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,021.70.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $21.39 during midday trading on Friday, hitting $1,003.15. The company's stock had a trading volume of 3,730,394 shares, compared to its average volume of 3,484,255. The firm has a market cap of $429.10 billion, a P/E ratio of 50.59, a P/E/G ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The firm's fifty day moving average price is $940.55 and its 200-day moving average price is $819.90. 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 (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 earnings per share. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 303,220 shares of company stock worth $289,856,164 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

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.