Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Wealthspire Advisors LLC

Wealthspire Advisors LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,280 shares of the Internet television network's stock after purchasing an additional 394 shares during the quarter. Wealthspire Advisors LLC's holdings in Netflix were worth $8,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NFLX. State Street Corp grew its holdings in shares of Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock worth $12,023,082,000 after purchasing an additional 426,740 shares during the period. Strategic Financial Concepts LLC grew its holdings in shares of Netflix by 112,896.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock worth $340,420,000 after purchasing an additional 381,590 shares during the period. Jennison Associates LLC grew its holdings in shares of Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Netflix during the 3rd quarter worth $222,871,000. Finally, AustralianSuper Pty Ltd grew its holdings in shares of Netflix by 12,243.4% during the 3rd quarter. AustralianSuper Pty Ltd now owns 290,071 shares of the Internet television network's stock worth $205,739,000 after purchasing an additional 287,721 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 4,939 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 685 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total value of $691,555.45. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $3,726,322.87. This represents a 15.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 303,220 shares of company stock worth $289,856,164 in the last quarter. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NFLX. Pivotal Research increased their price target on Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Benchmark upgraded Netflix from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Loop Capital increased their target price on Netflix from $925.00 to $1,000.00 and gave the stock a "hold" rating in a research note on Wednesday, January 22nd. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, Wedbush reissued an "outperform" rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.70.

Netflix Stock Down 2.1 %

Shares of NASDAQ NFLX traded down $21.39 during midday trading on Friday, hitting $1,003.15. 3,730,394 shares of the company's stock were exchanged, compared to its average volume of 3,484,255. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a market cap of $429.10 billion, a PE ratio of 50.59, a P/E/G ratio of 2.12 and a beta of 1.27. The firm's fifty day simple moving average is $940.55 and its 200-day simple moving average is $819.90.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.11 EPS. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix 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.