Wetherby Asset Management Inc. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,685 shares of the Internet television network’s stock after buying an additional 760 shares during the period. Wetherby Asset Management Inc.’s holdings in Netflix were worth $1,475,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. Balentine LLC increased 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 buying an additional 500 shares during the period. Duncker Streett & Co. Inc. increased 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 buying an additional 200 shares during the period. Goodman Financial Corp purchased a new stake in Netflix during the 4th quarter worth approximately $163,000. Steward Partners Investment Advisory LLC purchased a new stake in Netflix during the 3rd quarter worth approximately $171,000. Finally, Grove Bank & Trust increased its stake in Netflix by 249.6% during the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after buying an additional 684 shares during the period. 81.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Netflix, Inc. (NASDAQ NFLX) opened at $315.88 on Wednesday. Netflix, Inc. has a 52 week low of $138.66 and a 52 week high of $333.98. The company has a market cap of $139,427.63, a price-to-earnings ratio of 252.70, a PEG ratio of 4.41 and a beta of 0.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, January 22nd. The Internet television network reported $0.41 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 company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business earned $0.15 EPS. The business’s revenue was up 32.6% on a year-over-year basis. equities research analysts expect that Netflix, Inc. will post 2.73 earnings per share for the current fiscal year.
NFLX has been the topic of several recent research reports. Credit Suisse Group set a $224.00 target price on shares of Netflix and gave the stock a “neutral” rating in a research note on Monday, January 8th. BidaskClub downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Vetr raised shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $214.83 price objective on the stock in a research report on Friday, December 22nd. Wedbush reissued an “underperform” rating and issued a $110.00 price objective (up from $93.00) on shares of Netflix in a research report on Tuesday, January 23rd. Finally, Loop Capital increased their price objective on shares of Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. Netflix currently has an average rating of “Buy” and a consensus price target of $244.79.
In other news, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $188.81, for a total value of $132,167.00. Following the completion of the transaction, the director now owns 7,393 shares in the company, valued at approximately $1,395,872.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Theodore A. Sarandos sold 163,747 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the completion of the transaction, the insider now owns 23,953 shares of the company’s stock, valued at approximately $6,297,483.23. The disclosure for this sale can be found here. Insiders sold a total of 473,489 shares of company stock valued at $116,251,464 in the last quarter. Insiders own 4.90% of the company’s stock.
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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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