Capital Group Private Client Services Inc. Has $26.97 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Capital Group Private Client Services Inc. grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,259 shares of the Internet television network's stock after acquiring an additional 5,519 shares during the period. Capital Group Private Client Services Inc.'s holdings in Netflix were worth $26,970,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. West Michigan Advisors LLC raised its holdings in Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after purchasing an additional 10 shares in the last quarter. Warwick Investment Management Inc. boosted its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after buying an additional 10 shares in the last quarter. MRP Capital Investments LLC boosted its position in shares of Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC increased its holdings in shares of Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 10 shares in the last quarter. Finally, Enzi Wealth grew its position in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after buying an additional 11 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other news, Director Ann Mather sold 2,682 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. 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. Over the last ninety days, insiders sold 274,312 shares of company stock worth $267,919,297. Corporate insiders own 1.76% of the company's stock.

Netflix Trading Up 6.2 %

NASDAQ NFLX traded up $60.87 on Tuesday, hitting $1,048.78. 5,160,154 shares of the company were exchanged, compared to its average volume of 4,872,117. The company's 50 day moving average price is $954.08 and its 200-day moving average price is $896.26. The firm has a market capitalization of $448.62 billion, a P/E ratio of 52.89, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a twelve month low of $544.25 and a twelve month high of $1,064.97.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the company earned $8.28 earnings per share. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NFLX. Arete Research upgraded Netflix to a "hold" rating in a report on Thursday, January 23rd. Robert W. Baird boosted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Guggenheim restated a "buy" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research report on Friday. Finally, KeyCorp boosted their price target on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Monday. Nine analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,070.65.

Netflix Company 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.