Tufton Capital Management Buys 72 Shares of Netflix, Inc. (NASDAQ:NFLX)

Tufton Capital Management lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 838 shares of the Internet television network’s stock after purchasing an additional 72 shares during the period. Tufton Capital Management’s holdings in Netflix were worth $747,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB grew its holdings in Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after buying an additional 4,701 shares in the last quarter. Swedbank AB grew its holdings in shares of Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares in the last quarter. Oak Harvest Investment Services grew its holdings in shares of Netflix by 1.9% during the third quarter. Oak Harvest Investment Services now owns 4,492 shares of the Internet television network’s stock worth $3,186,000 after purchasing an additional 84 shares in the last quarter. Cornerstone Wealth Group LLC grew its holdings in shares of Netflix by 17.4% during the third quarter. Cornerstone Wealth Group LLC now owns 1,492 shares of the Internet television network’s stock worth $1,058,000 after purchasing an additional 221 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its stake in Netflix by 1.8% in the third quarter. Financial Advocates Investment Management now owns 4,021 shares of the Internet television network’s stock worth $2,852,000 after buying an additional 72 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NFLX opened at $963.07 on Friday. The stock has a market capitalization of $411.96 billion, a price-to-earnings ratio of 48.57, a PEG ratio of 2.12 and a beta of 1.27. The company has a fifty day moving average of $946.29 and a 200 day moving average of $828.40. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. 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 issued its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the company posted $2.11 EPS. The business’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 303,380 shares of company stock worth $290,016,164. 1.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft upped their target price on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. KeyCorp boosted their price objective on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and upped their target price for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Ten 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 MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target 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.