World Equity Group Inc. Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

World Equity Group Inc. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 48.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,516 shares of the Internet television network's stock after purchasing an additional 496 shares during the quarter. World Equity Group Inc.'s holdings in Netflix were worth $1,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB grew its stake in shares of Netflix by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock worth $760,918,000 after purchasing an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network's stock valued at $1,829,494,000 after acquiring an additional 29,726 shares during the period. Natixis Advisors LLC grew its stake in Netflix by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network's stock valued at $434,398,000 after acquiring an additional 11,921 shares during the period. M&T Bank Corp grew its stake in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock valued at $29,751,000 after acquiring an additional 1,684 shares during the period. Finally, Quilter Plc grew its stake in Netflix by 8.2% in the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock valued at $128,133,000 after acquiring an additional 10,946 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 2.1 %

NFLX traded down $21.39 on Friday, hitting $1,003.15. The company had a trading volume of 3,730,394 shares, compared to its average volume of 3,484,255. The firm has a market cap of $429.10 billion, a P/E ratio of 50.59, a PEG ratio of 2.12 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company's fifty day moving average price is $940.55 and its 200 day moving average price is $819.90. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the company posted $2.11 EPS. Netflix's revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. Needham & Company LLC lifted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Argus lifted their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Morgan Stanley lifted their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Citigroup lifted their price target on shares of Netflix from $725.00 to $920.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Finally, KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $1,021.70.

Insider Transactions at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of the company'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 value of $473,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,220 shares of company stock valued at $289,856,164. 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.