Sowell Financial Services LLC Has $10.22 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Sowell Financial Services LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,469 shares of the Internet television network's stock after buying an additional 359 shares during the period. Sowell Financial Services LLC's holdings in Netflix were worth $10,222,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NFLX. Pathway Financial Advisers LLC grew its holdings 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 purchasing an additional 14 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the 3rd quarter valued at approximately $25,000. Newton One Investments LLC bought a new position in Netflix during the 4th quarter worth $34,000. Pineridge Advisors LLC increased its position in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC lifted its stake in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after buying an additional 16 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the company's stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, 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. In the last ninety days, insiders sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is currently owned by company insiders.

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Netflix Trading Down 1.7 %

Shares of NASDAQ:NFLX traded down $15.25 during mid-day trading on Friday, hitting $891.11. The stock had a trading volume of 7,733,383 shares, compared to its average volume of 3,352,894. The company's 50 day moving average is $950.26 and its 200-day moving average is $842.54. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $381.18 billion, a PE ratio of 44.94, a P/E/G ratio of 2.12 and a beta of 1.38.

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 (EPS) for the quarter, beating 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 company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the company earned $2.11 earnings per share. The company's revenue for the quarter was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Macquarie upped their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. UBS Group boosted their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Bank of America raised their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Robert W. Baird boosted their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Argus increased their price objective on Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,021.70.

Netflix Company 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.