Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,214 shares of the Internet television network's stock after acquiring an additional 3,335 shares during the period. Netflix accounts for approximately 1.1% of Motley Fool Asset Management LLC's holdings, making the stock its 22nd largest position. Motley Fool Asset Management LLC's holdings in Netflix were worth $20,691,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. West Michigan Advisors LLC grew its stake in Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. lifted its stake in Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after purchasing an additional 10 shares during the last quarter. MRP Capital Investments LLC boosted its holdings in Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after acquiring an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC boosted its stake in shares of Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 10 shares during the period. Finally, Enzi Wealth grew its holdings in Netflix by 3.4% in the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after acquiring an additional 11 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NFLX shares. Bank of America boosted their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Macquarie raised their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. UBS Group set a $1,000.00 target price on Netflix in a research report on Monday, March 24th. Seaport Res Ptn upgraded shares of Netflix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,023.74.

Insider Buying and Selling

In related news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 280,676 shares of company stock valued at $273,515,672 in the last ninety days. Company insiders own 1.76% of the company's stock.

Netflix Trading Down 2.0 %

Shares of NFLX traded down $18.47 during midday trading on Thursday, hitting $917.05. 5,855,995 shares of the stock were exchanged, compared to its average volume of 3,609,504. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day simple moving average of $972.68 and a 200 day simple moving average of $873.52. The firm has a market cap of $392.27 billion, a P/E ratio of 46.25, a P/E/G ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during 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%. Netflix's revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.11 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix 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.