Ellsworth Advisors LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Ellsworth Advisors LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,367 shares of the Internet television network’s stock after purchasing an additional 73 shares during the period. Ellsworth Advisors LLC’s holdings in Netflix were worth $666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Columbia Trust Co 01012016 grew its stake in Netflix by 15.3% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after acquiring an additional 208 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Netflix by 142.6% during the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after acquiring an additional 392,427 shares in the last quarter. Smith Anglin Financial LLC grew its stake in Netflix by 7.7% during the third quarter. Smith Anglin Financial LLC now owns 546 shares of the Internet television network’s stock valued at $206,000 after acquiring an additional 39 shares in the last quarter. Sandy Cove Advisors LLC grew its stake in Netflix by 10.6% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after acquiring an additional 114 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Netflix by 21.5% during the third quarter. Daiwa Securities Group Inc. now owns 147,770 shares of the Internet television network’s stock valued at $55,798,000 after acquiring an additional 26,109 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

NFLX stock traded down $6.20 during trading on Thursday, reaching $607.33. The company had a trading volume of 3,706,671 shares, compared to its average volume of 4,552,830. The firm has a 50-day simple moving average of $581.81 and a 200-day simple moving average of $487.70. The company has a market cap of $262.83 billion, a price-to-earnings ratio of 50.53, a price-to-earnings-growth ratio of 1.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $634.39.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts expect that Netflix, Inc. will post 17.01 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,998 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $470.51, for a total transaction of $12,232,318.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 273,767 shares of company stock worth $151,298,232. Company insiders own 2.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Oppenheimer raised their target price on shares of Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a research note on Monday, March 11th. TD Cowen increased their price objective on shares of Netflix from $565.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Bank of America increased their price objective on shares of Netflix from $585.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Redburn Atlantic increased their price objective on shares of Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Barclays increased their price objective on shares of Netflix from $375.00 to $475.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $583.18.

About Netflix

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.