Howard Capital Management Inc. Has $11.51 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Howard Capital Management Inc. raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,916 shares of the Internet television network's stock after acquiring an additional 385 shares during the period. Howard Capital Management Inc.'s holdings in Netflix were worth $11,512,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Netflix by 2.6% in 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 buying an additional 426,740 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock worth $6,464,736,000 after buying an additional 123,029 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock worth $4,958,417,000 after buying an additional 316,594 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Netflix by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock worth $3,473,571,000 after buying an additional 23,702 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Netflix by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 4,481,939 shares of the Internet television network's stock worth $3,178,905,000 after buying an additional 123,987 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders sold 303,220 shares of company stock worth $289,856,164 over the last three months. Insiders own 1.76% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research analyst reports. Evercore ISI increased their price target on Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group upgraded Netflix from a "hold" rating to a "buy" rating and increased their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. BMO Capital Markets reiterated an "outperform" rating and issued a $1,175.00 price objective (up from $1,000.00) on shares of Netflix 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 company a "buy" rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,021.70.

Netflix Stock Down 2.1 %

Shares of Netflix stock traded down $21.39 during trading on Friday, reaching $1,003.15. The stock had a trading volume of 3,730,394 shares, compared to its average volume of 3,484,255. The stock has a fifty day moving average price of $940.55 and a two-hundred day moving average price of $819.90. The company has a market capitalization of $429.10 billion, a price-to-earnings ratio of 50.59, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50.

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