Jacobi Capital Management LLC Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Jacobi Capital Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 15.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 912 shares of the Internet television network’s stock after buying an additional 120 shares during the period. Jacobi Capital Management LLC’s holdings in Netflix were worth $554,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Netflix in the 4th quarter worth about $2,558,598,000. Wellington Management Group LLP increased its holdings in Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock valued at $1,888,503,000 after buying an additional 3,273,592 shares during the last quarter. International Assets Investment Management LLC raised its stake in Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after buying an additional 2,061,859 shares in the last quarter. Jennison Associates LLC lifted its holdings in Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after buying an additional 1,573,978 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new position in shares of Netflix in the 1st quarter worth approximately $436,514,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In related news, Director Anne M. Sweeney sold 633 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the transaction, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 633 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The disclosure for this sale can be found here. Insiders sold a total of 71,385 shares of company stock valued at $44,469,351 over the last quarter. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NFLX shares. BMO Capital Markets reissued an “outperform” rating and set a $713.00 price target (up from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. CICC Research began coverage on shares of Netflix in a report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 target price on the stock. TD Cowen lifted their price target on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Canaccord Genuity Group lowered shares of Netflix from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $720.00 to $585.00 in a research note on Friday, April 19th. Finally, Barclays raised their target price on shares of Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $681.21.

Netflix Trading Down 0.7 %

Shares of Netflix stock traded down $4.37 on Tuesday, reaching $643.13. 675,613 shares of the company were exchanged, compared to its average volume of 3,946,756. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $697.49. The firm has a market capitalization of $277.19 billion, a price-to-earnings ratio of 44.69, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27. The company has a current ratio of 0.95, a quick ratio of 1.07 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average price of $656.35 and a 200-day moving average price of $605.53.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the previous year, the company earned $3.29 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts expect that Netflix, Inc. will post 18.99 EPS for the current year.

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.