Heritage Investors Management Corp Has $687,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Heritage Investors Management Corp increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.7% during the 4th quarter, Holdings Channel reports. The fund owned 1,410 shares of the Internet television network’s stock after buying an additional 50 shares during the quarter. Heritage Investors Management Corp’s holdings in Netflix were worth $687,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new stake in Netflix during the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new position in Netflix during the 3rd quarter worth about $26,000. Carmel Capital Partners LLC increased its holdings in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares during the period. Finally, Pacifica Partners Inc. bought a new stake in shares of Netflix in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX traded up $2.62 during trading on Thursday, hitting $612.09. The stock had a trading volume of 2,062,033 shares, compared to its average volume of 4,378,251. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The company has a 50 day moving average price of $603.11 and a 200-day moving average price of $532.16. Netflix, Inc. has a one year low of $329.51 and a one year high of $639.00. The firm has a market cap of $263.79 billion, a price-to-earnings ratio of 42.48, a P/E/G ratio of 1.40 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the previous year, the business posted $2.88 earnings per share. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, research analysts predict that Netflix, Inc. will post 18.3 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the transaction, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 18,361 shares of Netflix stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the transaction, the chairman now directly owns 28 shares in the company, valued at $15,443.12. The disclosure for this sale can be found here. Insiders have sold a total of 146,432 shares of company stock worth $84,762,938 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their target price on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Rosenblatt Securities decreased their price target on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Bank of America boosted their price objective on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Wells Fargo & Company raised their target price on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $585.00 price target (down from $720.00) on shares of Netflix in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $631.15.

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.