Wealthfront Inc. Boosts Position in Netflix, Inc. (NFLX)

Wealthfront Inc. raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,454 shares of the Internet television network’s stock after purchasing an additional 586 shares during the period. Wealthfront Inc.’s holdings in Netflix were worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Balentine LLC grew its stake in Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares during the last quarter. Duncker Streett & Co. Inc. boosted its holdings in Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after acquiring an additional 200 shares in the last quarter. Goodman Financial Corp acquired a new stake in Netflix in the fourth quarter worth about $163,000. Steward Partners Investment Advisory LLC acquired a new stake in Netflix in the third quarter worth about $171,000. Finally, Grove Bank & Trust boosted its holdings in Netflix by 249.6% in the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after acquiring an additional 684 shares in the last quarter. Institutional investors own 81.64% of the company’s stock.

Several equities research analysts have weighed in on NFLX shares. Zacks Investment Research downgraded Netflix from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Goldman Sachs Group set a $250.00 price target on Netflix and gave the stock a “buy” rating in a report on Tuesday, November 28th. Vetr raised Netflix from a “buy” rating to a “strong-buy” rating and set a $211.28 price target for the company in a report on Wednesday, November 29th. MKM Partners raised their price target on Netflix from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, November 30th. Finally, Bank of America raised their price target on Netflix from $225.00 to $199.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $247.49.

In other news, insider Theodore A. Sarandos sold 163,747 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total value of $43,050,723.77. Following the completion of the sale, the insider now directly owns 23,953 shares in the company, valued at $6,297,483.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $321.85, for a total value of $225,295.00. Following the completion of the sale, the director now owns 7,353 shares of the company’s stock, valued at $2,366,563.05. The disclosure for this sale can be found here. Insiders sold 473,489 shares of company stock valued at $116,251,464 over the last 90 days. Company insiders own 4.90% of the company’s stock.

Shares of Netflix, Inc. (NASDAQ NFLX) traded up $5.67 during mid-day trading on Wednesday, reaching $321.55. The company had a trading volume of 10,463,194 shares, compared to its average volume of 11,590,000. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $139,540.00, a PE ratio of 224.86, a P/E/G ratio of 4.41 and a beta of 0.95. Netflix, Inc. has a 52 week low of $138.66 and a 52 week high of $333.98.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. Netflix’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. research analysts anticipate that Netflix, Inc. will post 2.73 EPS for the current year.

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Netflix Company Profile

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.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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