Nvest Financial LLC Acquires 301 Shares of Netflix, Inc. (NASDAQ:NFLX)

Nvest Financial LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,606 shares of the Internet television network’s stock after purchasing an additional 301 shares during the period. Netflix accounts for 1.6% of Nvest Financial LLC’s holdings, making the stock its 18th biggest holding. Nvest Financial LLC’s holdings in Netflix were worth $3,214,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Magnolia Capital Advisors LLC increased its stake in Netflix by 3.0% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 961 shares of the Internet television network’s stock valued at $649,000 after purchasing an additional 28 shares in the last quarter. Kimelman & Baird LLC acquired a new position in shares of Netflix in the 2nd quarter valued at $253,000. Advisory Alpha LLC increased its position in shares of Netflix by 1.5% in the 2nd quarter. Advisory Alpha LLC now owns 1,587 shares of the Internet television network’s stock valued at $1,071,000 after acquiring an additional 23 shares during the period. Ted Buchan & Co acquired a new stake in Netflix during the 2nd quarter worth about $1,091,000. Finally, Heartland Bank & Trust Co grew its stake in Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NFLX. Evercore ISI raised their price objective on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Argus lifted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Finally, Macquarie raised their target price on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued 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 Stock Performance

Netflix stock opened at $971.83 on Wednesday. The stock has a market cap of $415.42 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $899.64 and a 200-day simple moving average of $772.71. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts expect that Netflix, Inc. will post 23.72 EPS for the current year.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,117 shares of company stock valued at $123,913,691. 1.76% of the stock is currently owned by 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.