Harbor Investment Advisory LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Harbor Investment Advisory LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,270 shares of the Internet television network's stock after buying an additional 704 shares during the period. Netflix makes up about 1.5% of Harbor Investment Advisory LLC's investment portfolio, making the stock its 8th largest holding. Harbor Investment Advisory LLC's holdings in Netflix were worth $17,176,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of NFLX. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Netflix by 1.2% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,572 shares of the Internet television network's stock valued at $1,401,000 after purchasing an additional 18 shares during the period. Zhang Financial LLC increased its stake in Netflix by 122.3% in the 4th quarter. Zhang Financial LLC now owns 789 shares of the Internet television network's stock valued at $703,000 after buying an additional 434 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Netflix by 18.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,044 shares of the Internet television network's stock worth $1,822,000 after buying an additional 312 shares in the last quarter. Purus Wealth Management LLC lifted its position in Netflix by 7.4% in the 4th quarter. Purus Wealth Management LLC now owns 738 shares of the Internet television network's stock worth $658,000 after buying an additional 51 shares in the last quarter. Finally, Penn Davis Mcfarland Inc. purchased a new position in shares of Netflix during the 4th quarter valued at $236,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the company's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares of the company's stock, valued at $185,976. This trade represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Macquarie lifted their price objective on Netflix from $795.00 to $965.00 and gave the company an "outperform" rating in a research report on Monday, January 13th. Wolfe Research reissued an "outperform" rating on shares of Netflix in a research note on Friday, October 18th. Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Benchmark boosted their target price on shares of Netflix from $555.00 to $720.00 and gave the stock a "sell" rating in a research report on Friday, January 3rd. Finally, Canaccord Genuity Group raised their price target on shares of Netflix from $760.00 to $940.00 and gave the company a "hold" rating in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $845.06.

Netflix Trading Up 1.3 %

NFLX stock traded up $11.58 during midday trading on Tuesday, reaching $869.68. The company's stock had a trading volume of 8,736,499 shares, compared to its average volume of 3,555,946. The business's 50-day simple moving average is $885.64 and its 200-day simple moving average is $760.81. The stock has a market cap of $371.75 billion, a PE ratio of 49.22, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. Netflix, Inc. has a 52 week low of $479.90 and a 52 week high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.06. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Netflix's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 19.76 EPS for the current year.

About Netflix

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.