Spinnaker Trust Buys New Stake in Netflix, Inc. (NASDAQ:NFLX)

Spinnaker Trust bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 250 shares of the Internet television network’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Constant Guidance Financial LLC lifted its stake in Netflix by 78.9% in the 4th quarter. Constant Guidance Financial LLC now owns 5,633 shares of the Internet television network’s stock valued at $5,021,000 after buying an additional 2,485 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Netflix by 1.7% during the 4th quarter. Rhumbline Advisers now owns 804,795 shares of the Internet television network’s stock worth $717,330,000 after purchasing an additional 13,070 shares during the period. Center for Financial Planning Inc. lifted its stake in shares of Netflix by 60.0% during the 4th quarter. Center for Financial Planning Inc. now owns 640 shares of the Internet television network’s stock worth $570,000 after purchasing an additional 240 shares during the period. PUREfi Wealth LLC purchased a new position in shares of Netflix during the 4th quarter worth $299,000. Finally, Quadrant Private Wealth Management LLC lifted its stake in shares of Netflix by 0.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,712 shares of the Internet television network’s stock worth $7,765,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.4 %

NASDAQ:NFLX opened at $1,058.60 on Friday. The company has a market capitalization of $452.83 billion, a price-to-earnings ratio of 53.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The stock has a 50-day simple moving average of $929.40 and a 200 day simple moving average of $804.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $2.11 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Oppenheimer increased their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Arete Research raised Netflix to a “hold” rating in a research note on Thursday, January 23rd. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 303,809 shares of company stock worth $290,374,484 over the last ninety days. Company 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.