Cassaday & Co Wealth Management LLC Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Cassaday & Co Wealth Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,059 shares of the Internet television network’s stock after purchasing an additional 20 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Netflix were worth $2,727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in shares of Netflix by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after buying an additional 29,726 shares in the last quarter. Natixis Advisors LLC boosted its stake in Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares in the last quarter. M&T Bank Corp boosted its holdings in Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after acquiring an additional 1,684 shares during the last quarter. Finally, Quilter Plc boosted its position in shares of Netflix by 8.2% in the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock worth $128,133,000 after purchasing an additional 10,946 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 1.8 %

NFLX opened at $1,024.54 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The firm has a 50-day simple moving average of $938.86 and a two-hundred day simple moving average of $815.63. The company has a market capitalization of $438.26 billion, a PE ratio of 51.67, a price-to-earnings-growth ratio of 2.16 and a beta of 1.27.

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, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business earned $2.11 earnings per share. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Arete Research upgraded shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and raised their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Citigroup lifted their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Pivotal Research increased their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note 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 issued a strong buy rating to the company. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Buying and Selling at Netflix

In other news, Director Strive Masiyiwa sold 2,813 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is owned by insiders.

About Netflix

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.