TD Private Client Wealth LLC Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

TD Private Client Wealth LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 30.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,109 shares of the Internet television network's stock after purchasing an additional 1,188 shares during the period. TD Private Client Wealth LLC's holdings in Netflix were worth $4,554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. West Michigan Advisors LLC raised its holdings in shares of Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after buying an additional 10 shares during the period. Warwick Investment Management Inc. raised its holdings in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after buying an additional 10 shares during the period. Enzi Wealth raised its holdings in shares of Netflix by 3.4% in the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after buying an additional 11 shares during the period. TCI Wealth Advisors Inc. raised its holdings in shares of Netflix by 1.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock valued at $624,000 after buying an additional 11 shares during the period. Finally, Blossom Wealth Management raised its holdings in shares of Netflix by 0.9% in the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network's stock valued at $1,112,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

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Netflix Stock Performance

Netflix stock traded up $9.45 during midday trading on Friday, hitting $960.29. 5,895,581 shares of the company's stock were exchanged, compared to its average volume of 3,476,641. Netflix, Inc. has a 12-month low of $542.01 and a 12-month 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 market cap of $410.77 billion, a price-to-earnings ratio of 48.43, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The firm's 50 day simple moving average is $959.08 and its 200 day simple moving average is $857.81.

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

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 30,485 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $981.92, for a total value of $29,933,831.20. Following the completion of the sale, the chairman now owns 394 shares in the company, valued at approximately $386,876.48. This trade represents a 98.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the firm's stock in a transaction dated 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 completion of the sale, the director now owns 246 shares of the company's stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 288,103 shares of company stock worth $279,142,041. Company insiders own 1.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NFLX shares. KeyCorp boosted their price objective on Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. UBS Group restated a "buy" rating on shares of Netflix in a report on Monday, March 10th. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a report on Wednesday, January 22nd. Morgan Stanley upped their price target on Netflix from $1,050.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Finally, Barclays upgraded Netflix from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,016.78.

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.