Winebrenner Capital Management LLC Invests $1.78 Million in Netflix, Inc. (NASDAQ:NFLX)

Winebrenner Capital Management LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,000 shares of the Internet television network’s stock, valued at approximately $1,783,000. Netflix makes up about 1.4% of Winebrenner Capital Management LLC’s investment portfolio, making the stock its 16th biggest position.

Several other large investors also recently modified their holdings of the stock. Navellier & Associates Inc. acquired a new stake in Netflix in the fourth quarter valued at about $237,000. Prentice Wealth Management LLC boosted its stake in Netflix by 5.5% in the fourth quarter. Prentice Wealth Management LLC now owns 787 shares of the Internet television network’s stock valued at $701,000 after buying an additional 41 shares in the last quarter. Bell Bank boosted its stake in Netflix by 14.3% in the fourth quarter. Bell Bank now owns 2,092 shares of the Internet television network’s stock valued at $1,865,000 after buying an additional 261 shares in the last quarter. LifeSteps Financial Inc. boosted its stake in Netflix by 5.2% in the fourth quarter. LifeSteps Financial Inc. now owns 306 shares of the Internet television network’s stock valued at $273,000 after buying an additional 15 shares in the last quarter. Finally, Greystone Financial Group LLC acquired a new stake in Netflix in the fourth quarter valued at about $211,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and lifted their price target for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Loop Capital lifted their price target on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Trading Down 2.1 %

Shares of NFLX stock opened at $1,003.15 on Friday. The company has a market cap of $429.11 billion, a P/E ratio of 50.59, a PEG ratio of 2.12 and a beta of 1.27. The stock has a 50 day simple moving average of $940.55 and a two-hundred day simple moving average of $818.44. 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, 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 earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping 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 company posted $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 303,220 shares of company stock valued at $289,856,164. Company insiders own 1.76% of the company’s stock.

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.