HighPoint Advisor Group LLC Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

HighPoint Advisor Group LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,832 shares of the Internet television network's stock after buying an additional 380 shares during the quarter. Netflix comprises approximately 0.6% of HighPoint Advisor Group LLC's investment portfolio, making the stock its 29th biggest holding. HighPoint Advisor Group LLC's holdings in Netflix were worth $10,546,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NFLX. Principal Financial Group Inc. raised its position in Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock worth $1,200,485,000 after buying an additional 198,148 shares during the last quarter. Tradition Wealth Management LLC raised its holdings in shares of Netflix by 11.1% during the third quarter. Tradition Wealth Management LLC now owns 859 shares of the Internet television network's stock worth $609,000 after purchasing an additional 86 shares during the last quarter. Cobblestone Capital Advisors LLC NY lifted its position in Netflix by 5.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 681 shares of the Internet television network's stock valued at $483,000 after purchasing an additional 36 shares during the period. Erste Asset Management GmbH purchased a new stake in Netflix in the third quarter valued at $145,252,000. Finally, Mark Sheptoff Financial Planning LLC grew its position in Netflix by 776.3% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 333 shares of the Internet television network's stock worth $236,000 after purchasing an additional 295 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on NFLX shares. Benchmark raised Netflix from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Bank of America boosted their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Rosenblatt Securities raised shares of Netflix from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Finally, Wedbush restated an "outperform" rating and set a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten investment 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 price target of $1,021.02.

Netflix Trading Down 0.4 %

Shares of NFLX traded down $4.15 during trading on Tuesday, reaching $928.38. 3,514,962 shares of the company traded hands, compared to its average volume of 3,592,921. The stock has a 50-day simple moving average of $973.23 and a 200-day simple 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 twelve month low of $542.01 and a twelve month high of $1,064.50. The stock 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 released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. The firm's revenue was up 16.0% compared to the same quarter last year. On average, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 35,868 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at approximately $101,241.12. This trade represents a 99.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 288,583 shares of company stock worth $279,611,567 over the last 90 days. Corporate insiders own 1.76% of the company's stock.

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.