Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Klingman & Associates LLC

Klingman & Associates LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 10.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,153 shares of the Internet television network’s stock after buying an additional 107 shares during the period. Klingman & Associates LLC’s holdings in Netflix were worth $1,028,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Callahan Advisors LLC acquired a new position in shares of Netflix during the fourth quarter worth about $265,000. Davidson Investment Advisors increased its stake in shares of Netflix by 1.6% during the fourth quarter. Davidson Investment Advisors now owns 38,635 shares of the Internet television network’s stock worth $34,436,000 after acquiring an additional 615 shares during the period. Proactive Wealth Strategies LLC acquired a new position in shares of Netflix during the fourth quarter worth about $211,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of Netflix by 0.9% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,356 shares of the Internet television network’s stock worth $2,100,000 after acquiring an additional 21 shares during the period. Finally, Valley Wealth Managers Inc. increased its stake in shares of Netflix by 5.4% during the fourth quarter. Valley Wealth Managers Inc. now owns 737 shares of the Internet television network’s stock worth $657,000 after acquiring an additional 38 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 303,220 shares of company stock valued at $289,856,164. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $1,035.85 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $443.10 billion, a price-to-earnings ratio of 52.24, a PEG ratio of 2.19 and a beta of 1.27. The company’s 50 day simple moving average is $934.75 and its 200 day simple moving average is $812.56. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

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

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent analyst reports. Pivotal Research boosted their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Oppenheimer boosted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Robert W. Baird boosted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, KeyCorp boosted their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.