Rathbones Group PLC Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Rathbones Group PLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,294 shares of the Internet television network's stock after buying an additional 3,635 shares during the period. Rathbones Group PLC's holdings in Netflix were worth $48,393,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. West Michigan Advisors LLC grew its stake 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 worth $692,000 after buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. raised its position in shares of Netflix by 3.5% during 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 in the last quarter. MRP Capital Investments LLC lifted its holdings in shares of Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC grew its position in Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after acquiring an additional 10 shares in the last quarter. Finally, Enzi Wealth increased its stake in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after acquiring an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NFLX. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective for the company in a research note on Thursday, January 23rd. Canaccord Genuity Group upgraded Netflix from a "hold" rating to a "buy" rating and raised their price target for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. KeyCorp cut their price objective on shares of Netflix from $1,100.00 to $1,000.00 and set an "overweight" rating on the stock in a research report on Wednesday. Phillip Securities lowered shares of Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. Finally, Oppenheimer lifted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Ten 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,017.31.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 4,939 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. This trade represents a 98.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock valued at $267,919,297 over the last 90 days. Insiders own 1.76% of the company's stock.

Netflix Stock Down 0.7 %

Shares of NFLX traded down $6.29 during trading hours on Friday, hitting $914.88. The company had a trading volume of 2,201,062 shares, compared to its average volume of 3,676,804. 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 has a market capitalization of $391.35 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company's fifty day moving average price is $961.62 and its two-hundred day moving average price is $882.89.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business 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 earnings per share. The firm's revenue was up 16.0% on a year-over-year basis. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.