Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by BNC Wealth Management LLC

BNC Wealth Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,232 shares of the Internet television network's stock after buying an additional 309 shares during the period. BNC Wealth Management LLC's holdings in Netflix were worth $2,881,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Netflix by 154.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network's stock worth $750,713,000 after purchasing an additional 642,920 shares in the last quarter. State Street Corp raised its position in shares of Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after buying an additional 426,740 shares during the period. Jennison Associates LLC raised its position in shares of Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock valued at $4,958,417,000 after buying an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Netflix during the 3rd quarter valued at approximately $222,871,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the sale, the chief executive officer now owns 2,556 shares of the company's stock, valued at $1,960,579.80. This trade represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NFLX shares. Citigroup lifted their price target on shares of Netflix from $725.00 to $920.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. reduced their price target on shares of Netflix from $1,010.00 to $1,000.00 and set an "overweight" rating on the stock in a research report on Friday, January 10th. KeyCorp lifted their price target on shares of Netflix from $760.00 to $785.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Wolfe Research reaffirmed an "outperform" rating on shares of Netflix in a research report on Friday, October 18th. Finally, Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Two research 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $845.06.

Netflix Stock Up 1.9 %

NASDAQ:NFLX traded up $15.73 during trading hours on Friday, hitting $858.10. The company's stock had a trading volume of 3,563,913 shares, compared to its average volume of 2,297,633. The stock has a market capitalization of $366.80 billion, a P/E ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The stock has a fifty day moving average of $884.58 and a 200-day moving average of $759.04. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52-week low of $476.06 and a 52-week high of $941.75.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, equities analysts forecast 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.