Novak & Powell Financial Services Inc. Invests $127,000 in Netflix, Inc. (NASDAQ:NFLX)

Novak & Powell Financial Services Inc. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 142 shares of the Internet television network’s stock, valued at approximately $127,000.

A number of other institutional investors also recently modified their holdings of NFLX. Norges Bank bought a new stake in Netflix during the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC increased its position in shares of Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock valued at $1,716,662,000 after purchasing an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Netflix by 59.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock worth $2,051,016,000 after buying an additional 856,307 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Netflix by 318.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock worth $870,752,000 after acquiring an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network’s stock valued at $4,076,903,000 after purchasing an additional 570,674 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. Moffett Nathanson reaffirmed a “buy” rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Arete Research raised shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Needham & Company LLC restated a “buy” rating and set a $1,126.00 price target on shares of Netflix in a report on Thursday, April 17th. UBS Group reduced their target price on Netflix from $1,150.00 to $1,140.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, FBN Securities assumed coverage on shares of Netflix in a report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,102.79.

Insider Transactions at Netflix

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director now owns 7,969 shares in the company, valued at approximately $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock valued at $138,483,256 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Netflix Price Performance

Shares of NFLX opened at $1,192.02 on Wednesday. The business’s 50-day moving average is $1,020.82 and its two-hundred day moving average is $952.98. The company has a market capitalization of $507.29 billion, a P/E ratio of 60.11, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,196.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts’ consensus estimates 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 earnings per share. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current 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.