Hazlett Burt & Watson Inc. Acquires 271 Shares of Netflix, Inc. (NASDAQ:NFLX)

Hazlett Burt & Watson Inc. increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 36.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,021 shares of the Internet television network's stock after purchasing an additional 271 shares during the quarter. Hazlett Burt & Watson Inc.'s holdings in Netflix were worth $908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after acquiring an additional 156,958 shares during the last quarter. First National Trust Co increased its holdings in shares of Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after buying an additional 12 shares in the last quarter. Haven Private LLC acquired a new stake in shares of Netflix during the 4th quarter valued at $733,000. Sigma Planning Corp boosted its stake in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after acquiring an additional 386 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock worth $29,751,000 after acquiring an additional 1,684 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

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Insider Activity at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the firm's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares of the company's stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Insiders have sold a total of 288,583 shares of company stock valued at $279,611,567 in the last 90 days. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Performance

Netflix stock traded down $4.15 during trading hours on Tuesday, hitting $928.38. The stock had a trading volume of 3,514,962 shares, compared to its average volume of 3,587,057. The company has a 50-day moving average of $973.23 and a two-hundred day moving average of $871.15. 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, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a market cap of $397.12 billion, a PE ratio of 46.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

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

Analyst Ratings Changes

NFLX has been the subject of a number of recent analyst reports. Bank of America increased their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Pivotal Research lifted their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. BMO Capital Markets restated an "outperform" rating and issued a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Oppenheimer raised their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Guggenheim increased their price objective on Netflix from $950.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,021.02.

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.