Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 136.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,455 shares of the Internet television network’s stock after purchasing an additional 5,463 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Netflix were worth $8,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aspiriant LLC raised its holdings in Netflix by 12.4% in the 4th quarter. Aspiriant LLC now owns 1,573 shares of the Internet television network’s stock valued at $1,402,000 after acquiring an additional 174 shares during the last quarter. Reliant Investment Management LLC purchased a new stake in shares of Netflix in the fourth quarter valued at $5,627,000. Ballentine Partners LLC increased its stake in Netflix by 4.5% in the fourth quarter. Ballentine Partners LLC now owns 6,633 shares of the Internet television network’s stock valued at $5,912,000 after purchasing an additional 287 shares during the last quarter. Pure Financial Advisors LLC lifted its position in Netflix by 39.4% during the fourth quarter. Pure Financial Advisors LLC now owns 1,919 shares of the Internet television network’s stock worth $1,710,000 after buying an additional 542 shares during the period. Finally, Tudor Financial Inc. acquired a new stake in Netflix in the 4th quarter worth about $245,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Canaccord Genuity Group increased their price target on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. BMO Capital Markets boosted their price objective on shares of Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. cut their target price on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Macquarie boosted their price target on Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $845.06.

Netflix Stock Performance

Shares of NFLX opened at $858.10 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 12-month low of $476.06 and a 12-month high of $941.75. The business’s fifty day moving average price is $885.64 and its 200 day moving average price is $760.81. The stock has a market capitalization of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27.

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.