Cerro Pacific Wealth Advisors LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Cerro Pacific Wealth Advisors LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 971 shares of the Internet television network’s stock after purchasing an additional 35 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in Netflix were worth $865,000 as of its most recent SEC filing.

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

Netflix Stock Performance

NFLX opened at $984.86 on Friday. Netflix, Inc. has a 12-month low of $537.07 and a 12-month high of $999.00. The company has a market cap of $420.99 billion, a price-to-earnings ratio of 49.67, a PEG ratio of 1.53 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $889.11 and its 200 day moving average is $763.41.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 EPS. On average, equities research analysts predict that Netflix, Inc. will post 23.72 EPS for the current year.

Insiders Place Their Bets

In other news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % 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. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Sanford C. Bernstein boosted their price target on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Robert W. Baird increased their target price on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research note on Thursday. Macquarie raised their price objective on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Jefferies Financial Group boosted their target price on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. 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 company. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $996.94.

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.