Northwest & Ethical Investments L.P. Invests $4.67 Million in Netflix, Inc. (NASDAQ:NFLX)

Northwest & Ethical Investments L.P. purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,244 shares of the Internet television network’s stock, valued at approximately $4,674,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. West Michigan Advisors LLC grew its position in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock worth $692,000 after buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. lifted its stake in shares of Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after purchasing an additional 10 shares during the last quarter. Enzi Wealth lifted its stake in shares of Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after purchasing an additional 11 shares during the last quarter. TCI Wealth Advisors Inc. lifted its stake in shares of Netflix by 1.6% during the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after purchasing an additional 11 shares during the last quarter. Finally, Blossom Wealth Management lifted its stake in shares of Netflix by 0.9% during the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock worth $1,112,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NFLX. Morgan Stanley upped their price objective on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Loop Capital upped their price objective on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI increased their price target on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,016.78.

Insider Buying and Selling at Netflix

In other news, Director Richard N. Barton sold 6,364 shares of the firm’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 value of $5,596,374.32. Following the transaction, the director now owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 288,103 shares of company stock valued at $279,142,041. Company insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.9 %

Shares of NFLX opened at $950.84 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The stock’s 50 day moving average is $956.63 and its two-hundred day moving average is $854.74. The firm has a market cap of $406.73 billion, a P/E ratio of 47.95, a PEG ratio of 2.12 and a beta of 1.38.

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

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.