Netflix, Inc. (NASDAQ:NFLX) Holdings Boosted by IPG Investment Advisors LLC

IPG Investment Advisors LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,252 shares of the Internet television network’s stock after purchasing an additional 18 shares during the period. IPG Investment Advisors LLC’s holdings in Netflix were worth $2,899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NFLX. Principal Financial Group Inc. increased its holdings in shares of Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after purchasing an additional 198,148 shares during the period. Fiduciary Trust Co grew its position in Netflix by 12.7% during the third quarter. Fiduciary Trust Co now owns 3,010 shares of the Internet television network’s stock valued at $2,135,000 after purchasing an additional 339 shares in the last quarter. Martingale Asset Management L P increased its stake in Netflix by 322.3% in the 3rd quarter. Martingale Asset Management L P now owns 4,438 shares of the Internet television network’s stock valued at $3,148,000 after buying an additional 3,387 shares during the period. Circle Wealth Management LLC lifted its position in Netflix by 26.3% in the 3rd quarter. Circle Wealth Management LLC now owns 7,098 shares of the Internet television network’s stock worth $5,034,000 after buying an additional 1,480 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Netflix by 2.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 328,982 shares of the Internet television network’s stock valued at $233,337,000 after buying an additional 7,127 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 35,868 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the transaction, the chairman now owns 114 shares in the company, valued at $101,241.12. This represents a 99.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction dated 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 sale, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,583 shares of company stock worth $279,611,567. Insiders own 1.76% of the company’s stock.

Netflix Trading Down 4.4 %

Shares of NFLX stock opened at $933.85 on Friday. The company has a market capitalization of $399.46 billion, a P/E ratio of 47.09, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $971.74 and a 200 day moving average price of $868.10.

Netflix (NASDAQ:NFLX) last posted its 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. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 earnings per share. Research 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 research firms have recently weighed in on NFLX. Arete Research raised shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Argus upped 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. Pivotal Research lifted their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Bank of America increased their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley lifted their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.02.

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.