Wealthspire Advisors LLC Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

Wealthspire Advisors LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,469 shares of the Internet television network’s stock after purchasing an additional 247 shares during the period. Wealthspire Advisors LLC’s holdings in Netflix were worth $2,663,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NFLX. International Assets Investment Management LLC raised its position in shares of Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after buying an additional 2,061,859 shares during the period. Jennison Associates LLC raised its holdings in shares of Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after purchasing an additional 392,427 shares in the last quarter. Alecta Tjanstepension Omsesidigt grew its holdings in shares of Netflix by 171.4% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after purchasing an additional 300,000 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Netflix during the 3rd quarter worth approximately $99,219,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Pivotal Research lifted their price target on shares of Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Citigroup increased their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research report on Friday, April 19th. Canaccord Genuity Group downgraded Netflix from a “buy” rating to a “hold” rating and dropped their target price for the company from $720.00 to $585.00 in a report on Friday, April 19th. Finally, Robert W. Baird upped their price target on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $631.15.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $3.47 during mid-day trading on Wednesday, hitting $609.47. The company had a trading volume of 3,092,564 shares, compared to its average volume of 4,404,261. The stock has a market cap of $262.66 billion, a price-to-earnings ratio of 42.29, a PEG ratio of 1.40 and a beta of 1.23. The firm’s 50 day simple moving average is $602.85 and its two-hundred day simple moving average is $531.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. Netflix, Inc. has a 12 month low of $329.51 and a 12 month high of $639.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $9.28 billion. During the same quarter in the previous year, the company posted $2.88 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities research analysts forecast that Netflix, Inc. will post 18.3 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, Director Ann Mather sold 3,673 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jay C. Hoag sold 8,866 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $562.85, for a total value of $4,990,228.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mather sold 3,673 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,298 shares of company stock worth $89,753,167. 1.76% of the stock is owned by company insiders.

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.