Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,376 shares of the Internet television network’s stock after acquiring an additional 161 shares during the period. Netflix comprises 1.2% of Baker Tilly Wealth Management LLC’s holdings, making the stock its 18th biggest position. Baker Tilly Wealth Management LLC’s holdings in Netflix were worth $3,009,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NFLX. AGF Management Ltd. increased its holdings in shares of Netflix by 3.4% during the 2nd quarter. AGF Management Ltd. now owns 3,872 shares of the Internet television network’s stock valued at $2,613,000 after purchasing an additional 129 shares in the last quarter. Wellington Shields & Co. LLC acquired a new stake in shares of Netflix in the second quarter valued at approximately $43,000. American Century Companies Inc. boosted its stake in Netflix by 1.9% during the second quarter. American Century Companies Inc. now owns 1,256,818 shares of the Internet television network’s stock worth $848,202,000 after buying an additional 23,990 shares during the last quarter. Campbell Wealth Management grew its holdings in Netflix by 22.0% in the 2nd quarter. Campbell Wealth Management now owns 505 shares of the Internet television network’s stock valued at $341,000 after buying an additional 91 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of Netflix by 8.1% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 165,991 shares of the Internet television network’s stock worth $112,024,000 after buying an additional 12,467 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. The trade was a 24.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares in the company, valued at $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,742 shares of company stock worth $131,030,268. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research reports. Evercore ISI increased their target price on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $825.00 target price (up previously from $770.00) on shares of Netflix in a research note on Friday, October 18th. Needham & Company LLC raised their price objective on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Argus upped 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. Finally, Sanford C. Bernstein lifted their price target on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $824.30.

Netflix Price Performance

NFLX stock traded down $33.04 during midday trading on Friday, hitting $841.96. 1,375,938 shares of the stock were exchanged, compared to its average volume of 2,487,346. The stock’s 50-day moving average price is $876.43 and its 200-day moving average price is $751.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $359.90 billion, a price-to-earnings ratio of 47.65, a PEG ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Research analysts predict that Netflix, Inc. will post 19.78 earnings per share 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.