Grant Private Wealth Management Inc Acquires Shares of 3,025 Netflix, Inc. (NASDAQ:NFLX)

Grant Private Wealth Management Inc purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,025 shares of the Internet television network's stock, valued at approximately $2,696,000. Netflix accounts for about 2.9% of Grant Private Wealth Management Inc's holdings, making the stock its 6th largest holding.

Several other large investors also recently added to or reduced their stakes in NFLX. Norges Bank bought a new stake in Netflix during the 4th quarter valued at $5,019,087,000. Proficio Capital Partners LLC raised its holdings in shares of Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after acquiring an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares in the last quarter. Finally, State Street Corp grew its holdings in Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock worth $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Wedbush reaffirmed an "outperform" rating and issued a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Evercore ISI upped their price objective on Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Guggenheim reiterated a "buy" rating and issued a $1,100.00 target price on shares of Netflix in a research note on Thursday. StockNews.com lowered shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, UBS Group set a $1,000.00 price target on shares of Netflix in a report on Monday, March 24th. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,023.74.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the firm's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. This represents a 96.28 % 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 90 days. Corporate insiders own 1.76% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX traded down $18.47 during trading hours on Thursday, reaching $917.05. The company had a trading volume of 5,855,995 shares, compared to its average volume of 3,609,504. 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 1-year low of $542.01 and a 1-year high of $1,064.50. The business's 50 day moving average price is $972.68 and its 200-day moving average price is $873.52. The firm has a market cap of $392.27 billion, a PE ratio of 46.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

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

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.