Empirical Asset Management LLC Purchases 90,613 Shares of Netflix, Inc. (NASDAQ:NFLX)

Empirical Asset Management LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 7,872.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,764 shares of the Internet television network’s stock after acquiring an additional 90,613 shares during the quarter. Netflix makes up 2.4% of Empirical Asset Management LLC’s portfolio, making the stock its 9th biggest holding. Empirical Asset Management LLC’s holdings in Netflix were worth $81,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NFLX. Bradley Foster & Sargent Inc. CT increased its position in Netflix by 55.1% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 1,556 shares of the Internet television network’s stock worth $1,050,000 after buying an additional 553 shares during the last quarter. Argent Trust Co increased its position in Netflix by 14.7% during the second quarter. Argent Trust Co now owns 2,992 shares of the Internet television network’s stock worth $2,019,000 after buying an additional 383 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its position in Netflix by 187.6% during the second quarter. Glass Jacobson Investment Advisors llc now owns 440 shares of the Internet television network’s stock worth $297,000 after buying an additional 287 shares during the last quarter. Intrepid Financial Planning Group LLC acquired a new position in Netflix during the second quarter worth $218,000. Finally, MRP Capital Investments LLC acquired a new position in Netflix during the second quarter worth $769,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup upped their price target on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Benchmark increased their target price on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research note on Friday, January 3rd. Pivotal Research increased their target price on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group increased their target price on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Sanford C. Bernstein increased their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $845.06.

Insider Transactions at Netflix

In other news, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock valued at $127,616,898 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Down 0.7 %

Shares of NASDAQ NFLX opened at $842.37 on Friday. The company’s fifty day moving average is $882.41 and its 200-day moving average is $756.61. The stock has a market cap of $360.08 billion, a price-to-earnings ratio of 47.67, a P/E/G ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a twelve month low of $475.26 and a twelve month high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Equities research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

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.