Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp raised its position in Netflix, Inc. (NASDAQ:NFLX) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 106,701 shares of the Internet television network’s stock after purchasing an additional 6,163 shares during the period. Cibc World Markets Corp’s holdings in Netflix were worth $95,105,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter valued at $25,000. Pathway Financial Advisers LLC boosted its stake in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. Newton One Investments LLC acquired a new stake in shares of Netflix during the fourth quarter valued at $34,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix during the third quarter valued at $37,000. Finally, Pineridge Advisors LLC boosted its stake in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $918.00 on Monday. The firm has a market cap of $392.68 billion, a PE ratio of 46.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The business has a 50 day moving average price of $951.04 and a two-hundred day moving average price of $849.90. 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 fifty-two week low of $542.01 and a fifty-two week high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share 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 business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business earned $2.11 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of analyst reports. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Arete Research raised Netflix to a “hold” rating in a research note on Thursday, January 23rd. Argus increased their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Loop Capital increased their target price on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and increased their target price for the stock from $680.00 to $1,494.00 in a research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,014.26.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock worth $279,142,041 in the last three months. 1.76% of the stock is owned by insiders.

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.