Kesler Norman & Wride LLC Has $2.51 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Kesler Norman & Wride LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,816 shares of the Internet television network's stock after acquiring an additional 404 shares during the quarter. Kesler Norman & Wride LLC's holdings in Netflix were worth $2,514,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC lifted its stake in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC bought a new position in Netflix in the 4th quarter valued at about $34,000. Pineridge Advisors LLC raised its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the period. Princeton Global Asset Management LLC boosted its holdings in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after acquiring an additional 16 shares during the period. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Netflix during the fourth quarter worth approximately $43,000. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on NFLX shares. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. UBS Group restated a "buy" rating on shares of Netflix in a research note on Monday, March 10th. Needham & Company LLC lifted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Finally, Robert W. Baird raised their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Ten equities research 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,021.02.

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Netflix Trading Up 0.8 %

Netflix stock traded up $7.14 during mid-day trading on Wednesday, hitting $935.52. 3,221,293 shares of the stock were exchanged, compared to its average volume of 3,597,808. The firm's fifty day simple moving average is $974.03 and its two-hundred day simple moving average is $873.22. 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 12 month low of $542.01 and a 12 month high of $1,064.50. The stock has a market capitalization of $400.18 billion, a price-to-earnings ratio of 47.18, a PEG ratio of 2.12 and a beta of 1.38.

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

Insider Activity at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the business's stock in a transaction on 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 transaction, the director now owns 246 shares in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 35,868 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was 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 owns 114 shares of the company's stock, valued at $101,241.12. The trade was a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 316,544 shares of company stock worth $305,369,325 in 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.