Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management raised its position in Netflix, Inc. (NASDAQ:NFLX) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,917 shares of the Internet television network’s stock after acquiring an additional 227 shares during the quarter. Ritholtz Wealth Management’s holdings in Netflix were worth $2,394,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NFLX. Authentikos Wealth Advisory LLC acquired a new stake in Netflix during the 3rd quarter worth $25,000. Spartan Planning & Wealth Management acquired a new position in Netflix during the third quarter worth approximately $26,000. Carmel Capital Partners LLC lifted its stake in Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after buying an additional 58 shares during the last quarter. Pacifica Partners Inc. acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $41,000. Finally, KB Financial Partners LLC grew its position in shares of Netflix by 108.5% during the second quarter. KB Financial Partners LLC now owns 98 shares of the Internet television network’s stock worth $43,000 after acquiring an additional 51 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,181,250. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Chairman Reed Hastings sold 25,998 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $470.51, for a total value of $12,232,318.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $8,181,250. The disclosure for this sale can be found here. Over the last quarter, insiders sold 273,767 shares of company stock worth $151,298,232. Insiders own 2.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NFLX. UBS Group increased their price objective on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Morgan Stanley boosted their price objective on shares of Netflix from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. BMO Capital Markets boosted their target price on Netflix from $566.00 to $638.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Finally, Benchmark raised their target price on shares of Netflix from $350.00 to $425.00 and gave the company a “sell” rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $583.18.

Netflix Stock Performance

NFLX stock traded down $6.20 during midday 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 company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average price of $581.81 and a 200 day moving average price of $487.70. The firm has a market capitalization of $262.83 billion, a PE ratio of 50.53, a P/E/G ratio of 1.71 and a beta of 1.22. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $634.39.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The company had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Analysts anticipate that Netflix, Inc. will post 17.01 earnings per share for the current year.

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.