Meeder Advisory Services Inc. Acquires 706 Shares of Netflix, Inc. (NASDAQ:NFLX)

Meeder Advisory Services Inc. increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,917 shares of the Internet television network's stock after purchasing an additional 706 shares during the period. Meeder Advisory Services Inc.'s holdings in Netflix were worth $8,839,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in Netflix by 13.3% in the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock valued at $1,200,485,000 after purchasing an additional 198,148 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of Netflix by 3,971.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 10,587 shares of the Internet television network's stock worth $7,509,000 after buying an additional 10,327 shares during the last quarter. Hilltop Holdings Inc. raised its position in shares of Netflix by 100.0% in the 3rd quarter. Hilltop Holdings Inc. now owns 5,555 shares of the Internet television network's stock worth $3,940,000 after buying an additional 2,778 shares during the period. HighVista Strategies LLC boosted its holdings in Netflix by 11.1% in the third quarter. HighVista Strategies LLC now owns 2,000 shares of the Internet television network's stock valued at $1,419,000 after acquiring an additional 200 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Netflix by 1.2% during the third quarter. Janus Henderson Group PLC now owns 1,266,649 shares of the Internet television network's stock valued at $898,445,000 after acquiring an additional 14,930 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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Netflix Price Performance

Shares of NASDAQ NFLX traded up $7.14 during midday trading on Wednesday, reaching $935.52. The company's stock had a trading volume of 3,221,293 shares, compared to its average volume of 3,597,808. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company has a market cap of $400.18 billion, a price-to-earnings ratio of 47.18, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a 50 day moving average price of $974.03 and a 200 day moving average price of $873.22. 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 (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm's revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 685 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,726,322.87. This trade represents a 15.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the sale, the chief executive officer now owns 12,950 shares of the company's stock, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 316,544 shares of company stock valued at $305,369,325. 1.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Phillip Securities lowered Netflix from a "hold" rating to a "moderate sell" rating in a research note on Friday, January 24th. StockNews.com cut shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Arete Research upgraded shares of Netflix to a "hold" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their target price on shares of Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Ten 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.com, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $1,021.02.

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.