Allworth Financial LP Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

Allworth Financial LP lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,333 shares of the Internet television network’s stock after purchasing an additional 527 shares during the quarter. Allworth Financial LP’s holdings in Netflix were worth $15,581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Principal Securities Inc. raised its position in shares of Netflix by 13.8% in the 4th quarter. Principal Securities Inc. now owns 8,342 shares of the Internet television network’s stock valued at $7,435,000 after purchasing an additional 1,009 shares during the last quarter. Little House Capital LLC raised its position in Netflix by 2.3% during the 4th quarter. Little House Capital LLC now owns 2,876 shares of the Internet television network’s stock worth $2,563,000 after buying an additional 64 shares during the last quarter. Centerpoint Advisory Group purchased a new position in Netflix during the 4th quarter worth approximately $431,000. Everhart Financial Group Inc. raised its position in Netflix by 4.3% during the 4th quarter. Everhart Financial Group Inc. now owns 3,261 shares of the Internet television network’s stock worth $2,907,000 after buying an additional 133 shares during the last quarter. Finally, Beacon Capital Management LLC raised its position in Netflix by 6.8% during the 4th quarter. Beacon Capital Management LLC now owns 812 shares of the Internet television network’s stock worth $724,000 after buying an additional 52 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,338,500. The trade was a 27.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders sold a total of 303,809 shares of company stock valued at $290,374,484 in the last three months. 1.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. UBS Group raised their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Pivotal Research raised their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Oppenheimer raised their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Up 1.4 %

Shares of NFLX opened at $1,058.60 on Friday. The firm has a market cap of $452.83 billion, a P/E ratio of 53.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company’s 50-day moving average price is $929.40 and its 200 day moving average price is $804.02. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 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.