Gradient Investments LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Gradient Investments LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,308 shares of the Internet television network’s stock after purchasing an additional 1,046 shares during the period. Gradient Investments LLC’s holdings in Netflix were worth $22,558,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in Netflix during the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services bought a new stake in shares of Netflix in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a report on Thursday. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Macquarie increased their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley increased their price target on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Guggenheim raised their price target on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,009.29.

Netflix Stock Down 0.7 %

Shares of NASDAQ:NFLX opened at $977.59 on Friday. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The company has a market cap of $417.88 billion, a PE ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The firm has a 50 day simple moving average of $892.06 and a 200 day simple moving average of $764.95.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue for the quarter 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. As a group, research analysts expect that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the sale, the chief executive officer now owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,117 shares of company stock valued at $123,913,691 over the last three months. 1.76% of the stock is owned by corporate insiders.

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.