1,436 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by JPL Wealth Management LLC

JPL Wealth Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,436 shares of the Internet television network's stock, valued at approximately $1,280,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its position in shares of Netflix by 22.7% in the fourth 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 period. Haven Private LLC bought a new stake in shares of Netflix in the fourth quarter valued at about $733,000. Charles Schwab Investment Management Inc. boosted its position in shares of Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network's stock valued at $1,829,494,000 after acquiring an additional 29,726 shares during the period. Sigma Planning Corp boosted its position in shares of Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after acquiring an additional 386 shares during the period. Finally, Natixis Advisors LLC boosted its position in shares of Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network's stock valued at $434,398,000 after acquiring an additional 11,921 shares during the period. 80.93% of the stock is owned by institutional investors.

Remove Ads

Insider Activity

In other news, Director Ann Mather sold 2,682 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The sale was disclosed in a document filed 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 on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the sale, the chairman now directly owns 114 shares of the company's stock, valued at approximately $101,241.12. This represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock valued at $279,142,041 in the last ninety days. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Loop Capital upped their price objective on shares of Netflix from $925.00 to $1,000.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. StockNews.com cut shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Guggenheim upped their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group upped their price objective on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,014.26.

Netflix Stock Down 3.2 %

Shares of NFLX traded down $29.51 during trading hours on Thursday, reaching $890.17. The stock had a trading volume of 4,994,613 shares, compared to its average volume of 3,413,573. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The firm has a 50-day simple moving average of $950.30 and a 200 day simple moving average of $846.09. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $380.78 billion, a price-to-earnings ratio of 44.89, a P/E/G ratio of 2.12 and a beta of 1.38.

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

About Netflix

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.