Coppell Advisory Solutions LLC Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

Coppell Advisory Solutions LLC raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,017.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,320 shares of the Internet television network's stock after buying an additional 4,844 shares during the period. Netflix comprises 0.7% of Coppell Advisory Solutions LLC's investment portfolio, making the stock its 27th biggest position. Coppell Advisory Solutions LLC's holdings in Netflix were worth $4,783,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. FMR LLC grew its holdings in Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after purchasing an additional 375,234 shares during the period. Geode Capital Management LLC increased its position in shares of Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after buying an additional 175,596 shares in the last quarter. Norges Bank acquired a new position in shares of Netflix during the 4th quarter worth approximately $5,019,087,000. Finally, Alliancebernstein L.P. raised its stake in shares of Netflix by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock worth $4,582,568,000 after buying an additional 82,564 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at $12,700,583. This represents a 88.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix 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 quarter, insiders sold 273,855 shares of company stock worth $267,474,816. Company insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. FBN Securities assumed coverage on shares of Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price for the company. BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Canaccord Genuity Group raised their target price on Netflix from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Arete Research upgraded Netflix to a "hold" rating in a research report on Thursday, January 23rd. Finally, Barclays increased their price objective on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,072.12.

Netflix Stock Performance

NFLX traded up $4.66 during trading on Friday, hitting $1,101.53. 3,944,668 shares of the stock were exchanged, compared to its average volume of 3,710,770. The firm has a market capitalization of $471.19 billion, a P/E ratio of 55.55, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1-year low of $544.25 and a 1-year high of $1,106.80. The stock has a fifty day moving average price of $955.92 and a two-hundred day moving average price of $903.65. 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 (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the firm earned $8.28 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.