TD Waterhouse Canada Inc. Buys 2,343 Shares of Netflix, Inc. (NASDAQ:NFLX)

TD Waterhouse Canada Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,227 shares of the Internet television network's stock after acquiring an additional 2,343 shares during the period. TD Waterhouse Canada Inc.'s holdings in Netflix were worth $42,090,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC increased its position in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Transce3nd LLC bought a new position in Netflix during the fourth quarter valued at approximately $32,000. Newton One Investments LLC bought a new position in Netflix during the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC lifted its stake in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC grew its position 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 worth $42,000 after acquiring an additional 16 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research report on Monday. KeyCorp increased their price objective on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday. Finally, Arete Research upgraded Netflix to a "hold" rating in a report on Thursday, January 23rd. Ten equities research 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,070.65.

Netflix Price Performance

NFLX stock traded up $47.28 during midday trading on Thursday, reaching $1,096.87. 6,364,836 shares of the company's stock traded hands, compared to its average volume of 3,716,706. 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 company has a market cap of $469.19 billion, a price-to-earnings ratio of 55.31, a PEG ratio of 2.12 and a beta of 1.55. The company has a 50-day simple moving average of $953.84 and a two-hundred day simple moving average of $898.31. Netflix, Inc. has a 1-year low of $544.25 and a 1-year high of $1,100.80.

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

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Monday, April 21st. 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 legal filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares in the company, 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 quarter, insiders have sold 273,855 shares of company stock worth $267,474,816. Insiders own 1.76% of the company's stock.

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.