Netflix, Inc. (NASDAQ:NFLX) Stake Boosted by Advisory Services Network LLC

Advisory Services Network LLC increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 13.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,213 shares of the Internet television network's stock after purchasing an additional 2,130 shares during the period. Advisory Services Network LLC's holdings in Netflix were worth $16,234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB increased its holdings in shares of Netflix by 22.7% in the 4th 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 last quarter. First National Trust Co increased its stake in Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after purchasing an additional 12 shares during the last quarter. Haven Private LLC bought a new stake in Netflix during the fourth quarter valued at $733,000. Sigma Planning Corp raised its holdings in shares of Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after purchasing an additional 386 shares during the period. Finally, M&T Bank Corp lifted its position in shares of Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock worth $29,751,000 after buying an additional 1,684 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $2.88 during trading on Friday, hitting $918.29. The company had a trading volume of 4,069,267 shares, compared to its average volume of 3,687,525. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The business's 50-day moving average is $960.09 and its 200 day moving average is $884.26. The company has a market cap of $392.80 billion, a P/E ratio of 46.31, a PEG ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the firm earned $2.11 earnings per share. Netflix's revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NFLX shares. Needham & Company LLC boosted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. FBN Securities initiated coverage on Netflix in a report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price for the company. Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Oppenheimer upped their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,017.31.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value 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 $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 685 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total value of $691,555.45. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,726,322.87. The trade was a 15.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 274,312 shares of company stock valued at $267,919,297. 1.76% of the stock is currently owned by corporate insiders.

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.