Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,984 shares of the Internet television network's stock after purchasing an additional 3,346 shares during the period. NewEdge Advisors LLC's holdings in Netflix were worth $41,878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. Principal Financial Group Inc. grew its stake in Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock worth $1,200,485,000 after acquiring an additional 198,148 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock valued at $29,751,000 after purchasing an additional 1,684 shares during the period. McIlrath & Eck LLC boosted its holdings in shares of Netflix by 13.8% in the third quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock valued at $175,000 after purchasing an additional 30 shares during the period. Advisory Resource Group grew its stake in Netflix by 0.7% in the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock worth $1,238,000 after purchasing an additional 12 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in Netflix by 356.5% during the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network's stock worth $9,844,000 after purchasing an additional 10,839 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Up 1.2 %

NASDAQ:NFLX traded up $11.40 on Friday, hitting $973.03. The stock had a trading volume of 8,733,404 shares, compared to its average volume of 3,672,601. The company has a fifty day moving average price of $954.87 and a two-hundred day moving average price of $893.08. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $416.22 billion, a price-to-earnings ratio of 49.07, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the prior year, the firm posted $8.28 earnings per share. Equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,402,068.52. This trade represents a 41.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Netflix from $1,150.00 to $1,025.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. StockNews.com lowered shares of Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Loop Capital reissued a "hold" rating on shares of Netflix in a report on Monday, March 24th. Morgan Stanley lifted their price target on Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Netflix in a research report on Friday. Nine analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,036.38.

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.