Brighton Jones LLC Has $4.80 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Brighton Jones LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,390 shares of the Internet television network’s stock after purchasing an additional 257 shares during the quarter. Brighton Jones LLC’s holdings in Netflix were worth $4,804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in Netflix by 5.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,120,690 shares of the Internet television network’s stock worth $756,945,000 after purchasing an additional 57,567 shares in the last quarter. Employees Retirement System of Texas increased its holdings in shares of Netflix by 2.2% during the second quarter. Employees Retirement System of Texas now owns 141,527 shares of the Internet television network’s stock worth $95,514,000 after purchasing an additional 3,062 shares during the period. DigitalBridge Group Inc. boosted its stake in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after buying an additional 9,451 shares during the period. Decatur Capital Management Inc. grew its position in Netflix by 2.5% during the second quarter. Decatur Capital Management Inc. now owns 4,895 shares of the Internet television network’s stock worth $3,304,000 after buying an additional 120 shares in the last quarter. Finally, DE Burlo Group Inc. bought a new position in Netflix during the 2nd quarter worth $220,000. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NFLX has been the topic of several analyst reports. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday. Bank of America lifted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday. Sanford C. Bernstein lifted their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $996.94.

Netflix Price Performance

NFLX stock opened at $984.86 on Friday. The company has a market capitalization of $420.99 billion, a P/E ratio of 49.67, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 52-week low of $537.07 and a 52-week high of $999.00. The business has a 50-day simple moving average of $889.11 and a two-hundred day simple moving average of $763.41. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. Netflix’s revenue was up 16.0% compared to the same quarter last year. Research analysts expect that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Insider Activity

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the sale, the chairman now owns 85 shares in the company, valued at $64,435.10. The trade was a 99.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,500 shares of company stock worth $123,309,210 over the last quarter. Insiders own 1.76% of the company’s stock.

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.