Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Constant Guidance Financial LLC

Constant Guidance Financial LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 78.9% during the 4th quarter, Holdings Channel reports. The fund owned 5,633 shares of the Internet television network’s stock after acquiring an additional 2,485 shares during the quarter. Netflix makes up 4.4% of Constant Guidance Financial LLC’s portfolio, making the stock its 5th biggest holding. Constant Guidance Financial LLC’s holdings in Netflix were worth $5,021,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NFLX. Rhumbline Advisers boosted its position in shares of Netflix by 1.7% during the 4th quarter. Rhumbline Advisers now owns 804,795 shares of the Internet television network’s stock worth $717,330,000 after acquiring an additional 13,070 shares in the last quarter. Center for Financial Planning Inc. lifted its stake in Netflix by 60.0% during the fourth quarter. Center for Financial Planning Inc. now owns 640 shares of the Internet television network’s stock worth $570,000 after purchasing an additional 240 shares during the last quarter. PUREfi Wealth LLC acquired a new position in Netflix in the fourth quarter valued at approximately $299,000. Quadrant Private Wealth Management LLC increased its stake in Netflix by 0.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,712 shares of the Internet television network’s stock valued at $7,765,000 after purchasing an additional 24 shares during the last quarter. Finally, Roman Butler Fullerton & Co. raised its holdings in Netflix by 269.7% during the fourth quarter. Roman Butler Fullerton & Co. now owns 3,804 shares of the Internet television network’s stock worth $3,697,000 after purchasing an additional 2,775 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 685 shares of Netflix stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the completion of the transaction, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,726,322.87. The trade was a 15.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,809 shares of company stock worth $290,374,484. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Up 1.4 %

Shares of NASDAQ NFLX opened at $1,058.60 on Friday. The stock has a market capitalization of $452.83 billion, a price-to-earnings ratio of 53.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The firm has a 50-day moving average price of $926.92 and a 200 day moving average price of $801.02. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $2.11 EPS. Equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Robert W. Baird lifted their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group upped their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Pivotal Research lifted their price target on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Ten research 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 MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.