Occidental Asset Management LLC Has $802,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

Occidental Asset Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 19.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 900 shares of the Internet television network’s stock after purchasing an additional 149 shares during the period. Occidental Asset Management LLC’s holdings in Netflix were worth $802,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NFLX. Bradley Foster & Sargent Inc. CT boosted its position in Netflix by 55.1% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 1,556 shares of the Internet television network’s stock valued at $1,050,000 after acquiring an additional 553 shares during the last quarter. Argent Trust Co lifted its stake in shares of Netflix by 14.7% in the 2nd quarter. Argent Trust Co now owns 2,992 shares of the Internet television network’s stock valued at $2,019,000 after purchasing an additional 383 shares during the period. Glass Jacobson Investment Advisors llc boosted its position in shares of Netflix by 187.6% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 440 shares of the Internet television network’s stock valued at $297,000 after purchasing an additional 287 shares in the last quarter. Intrepid Financial Planning Group LLC bought a new stake in shares of Netflix during the 2nd quarter valued at about $218,000. Finally, MRP Capital Investments LLC acquired a new stake in Netflix during the second quarter worth approximately $769,000. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on NFLX shares. Wells Fargo & Company increased their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Jefferies Financial Group raised their price target on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Barclays upped their price objective on shares of Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a report on Tuesday. UBS Group raised their target price on Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Citigroup upped their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $845.06.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at $101,241.12. The trade was a 99.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 246 shares in the company, 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. Insiders sold 152,198 shares of company stock valued at $127,616,898 over the last ninety days. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

NASDAQ NFLX opened at $842.37 on Friday. The company has a market capitalization of $360.08 billion, a PE ratio of 47.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 52-week low of $475.26 and a 52-week high of $941.75. The company has a 50-day simple moving average of $882.41 and a 200 day simple moving average of $756.61.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. On average, research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

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.