Netflix, Inc. (NASDAQ:NFLX) Stock Position Lifted by Heritage Investors Management Corp

Heritage Investors Management Corp grew its position in Netflix, Inc. (NASDAQ:NFLX) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,410 shares of the Internet television network’s stock after acquiring an additional 50 shares during the quarter. Heritage Investors Management Corp’s holdings in Netflix were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. KFA Private Wealth Group LLC raised its holdings in shares of Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after purchasing an additional 18 shares during the period. Addison Advisors LLC boosted its stake in Netflix by 7.8% in the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after acquiring an additional 20 shares during the period. Regent Peak Wealth Advisors LLC boosted its stake in Netflix by 1.6% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock valued at $635,000 after acquiring an additional 21 shares during the period. Capital Advisors Ltd. LLC grew its holdings in shares of Netflix by 5.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock valued at $191,000 after purchasing an additional 22 shares during the last quarter. Finally, Centurion Wealth Management LLC raised its position in shares of Netflix by 2.4% during the 4th quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock worth $479,000 after purchasing an additional 23 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on NFLX. Redburn Atlantic upped their price objective on Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Guggenheim increased their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Pivotal Research boosted their target price on shares of Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Macquarie raised their price target on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Finally, Benchmark reiterated a “sell” rating and set a $440.00 price objective on shares of Netflix in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $631.15.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Netflix news, Chairman Reed Hastings sold 18,494 shares of Netflix stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $611.22, for a total value of $11,303,902.68. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at $17,114.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. Insiders sold 146,432 shares of company stock valued at $84,762,938 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 0.4 %

Netflix stock traded up $2.62 during mid-day trading on Thursday, hitting $612.09. The company’s stock had a trading volume of 2,062,033 shares, compared to its average volume of 4,378,251. Netflix, Inc. has a 52-week low of $329.51 and a 52-week high of $639.00. The company has a market cap of $263.79 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50 day moving average is $603.11 and its 200 day moving average is $532.16.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same period in the prior year, the firm earned $2.88 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, analysts anticipate that Netflix, Inc. will post 18.3 earnings per share for the current year.

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.