Naviter Wealth LLC Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Naviter Wealth LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,315 shares of the Internet television network’s stock after purchasing an additional 308 shares during the quarter. Naviter Wealth LLC’s holdings in Netflix were worth $1,127,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NFLX. Bluesphere Advisors LLC boosted its holdings in shares of Netflix by 0.9% in the 4th quarter. Bluesphere Advisors LLC now owns 5,137 shares of the Internet television network’s stock valued at $2,501,000 after acquiring an additional 45 shares during the last quarter. Birchcreek Wealth Management LLC increased its position in shares of Netflix by 3.5% in the fourth quarter. Birchcreek Wealth Management LLC now owns 1,299 shares of the Internet television network’s stock valued at $632,000 after buying an additional 44 shares in the last quarter. Choreo LLC increased its position in shares of Netflix by 31.1% in the fourth quarter. Choreo LLC now owns 5,647 shares of the Internet television network’s stock valued at $2,749,000 after buying an additional 1,339 shares in the last quarter. Gilbert & Cook Inc. raised its stake in shares of Netflix by 5.9% during the 4th quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock worth $1,060,000 after buying an additional 121 shares during the period. Finally, Red Wave Investments LLC acquired a new position in Netflix during the fourth quarter worth $240,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.4 %

Shares of NASDAQ:NFLX opened at $557.43 on Tuesday. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00. The company’s 50 day moving average is $604.05 and its two-hundred day moving average is $522.96. The company has a market cap of $240.20 billion, a PE ratio of 38.83, a P/E/G ratio of 1.37 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.88 earnings per share. Equities analysts predict that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $7,413,521.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at $17,091.76. The disclosure for this sale can be found here. Insiders sold a total of 154,573 shares of company stock worth $89,548,241 over the last 90 days. 1.76% of the stock is owned by insiders.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Jefferies Financial Group boosted their price objective on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. Bank of America raised their target price on Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, April 19th. BMO Capital Markets reiterated an “outperform” rating and set a $713.00 price target (up from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

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.