Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Boosted by SageView Advisory Group LLC

SageView Advisory Group LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,674 shares of the Internet television network's stock after buying an additional 497 shares during the quarter. SageView Advisory Group LLC's holdings in Netflix were worth $3,275,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Pathway Financial Advisers LLC lifted its stake in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the period. Newton One Investments LLC acquired a new position in Netflix in the 4th quarter valued at $34,000. Pineridge Advisors LLC lifted its stake in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the period. Princeton Global Asset Management LLC boosted its holdings in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Netflix during the fourth quarter worth $43,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NFLX shares. Evercore ISI upped their target price on Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Morgan Stanley increased their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. BMO Capital Markets reissued an "outperform" rating and issued a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Guggenheim restated a "buy" rating and issued a $1,100.00 target price on shares of Netflix in a report on Thursday, April 3rd. Finally, Robert W. Baird increased their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,021.31.

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Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business'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 owns 3,691 shares in the company, valued at approximately $3,402,068.52. The trade was a 41.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the sale, the chairman now directly owns 394 shares of the company's stock, valued at $362,933.10. The trade was a 98.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

NFLX traded up $45.00 on Tuesday, hitting $976.28. 7,674,299 shares of the company's stock were exchanged, compared to its average volume of 3,710,218. 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 stock has a fifty day moving average of $957.71 and a two-hundred day moving average of $887.65. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The firm has a market cap of $417.61 billion, a PE ratio of 49.23, a P/E/G ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share 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 business had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the prior year, the firm earned $2.11 EPS. The business's quarterly revenue was up 16.0% on a year-over-year basis. On average, research analysts anticipate 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.