Wetherby Asset Management Inc. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,685 shares of the Internet television network’s stock after purchasing an additional 760 shares during the period. Wetherby Asset Management Inc.’s holdings in Netflix were worth $1,475,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Balentine LLC boosted its stake in Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after purchasing an additional 500 shares during the period. Duncker Streett & Co. Inc. boosted its stake in Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the period. Goodman Financial Corp acquired a new stake in Netflix during the 4th quarter worth $163,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter worth $171,000. Finally, Grove Bank & Trust lifted its stake in shares of Netflix by 249.6% in the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after acquiring an additional 684 shares during the period. Hedge funds and other institutional investors own 81.64% of the company’s stock.
Several analysts have recently commented on the stock. Piper Jaffray Companies raised their target price on shares of Netflix to $360.00 and gave the stock an “overweight” rating in a research note on Friday, March 9th. Sanford C. Bernstein restated an “outperform” rating and issued a $340.00 target price (up previously from $302.00) on shares of Netflix in a research note on Friday, March 9th. Barclays set a $285.00 target price on shares of Netflix and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Wells Fargo & Co set a $285.00 target price on shares of Netflix and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, Buckingham Research cut shares of Netflix from a “buy” rating to a “neutral” rating and raised their target price for the stock from $251.00 to $257.00 in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the stock. Netflix presently has an average rating of “Buy” and an average price target of $244.79.
Shares of Netflix, Inc. (NFLX) opened at $315.88 on Wednesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. Netflix, Inc. has a 12-month low of $138.66 and a 12-month high of $333.98. The stock has a market cap of $139,427.63, a P/E ratio of 252.70, a P/E/G ratio of 4.41 and a beta of 0.96.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the company earned $0.15 earnings per share. The company’s quarterly revenue was up 32.6% on a year-over-year basis. analysts anticipate that Netflix, Inc. will post 2.73 EPS for the current fiscal year.
In other Netflix news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $321.85, for a total transaction of $225,295.00. Following the transaction, the director now directly owns 7,353 shares of the company’s stock, valued at $2,366,563.05. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director A George Battle sold 10,716 shares of Netflix stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $258.49, for a total transaction of $2,769,978.84. Following the transaction, the director now directly owns 2,575 shares in the company, valued at $665,611.75. The disclosure for this sale can be found here. Insiders sold 473,489 shares of company stock worth $116,251,464 over the last three months. Corporate insiders own 4.90% of the company’s stock.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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