TD Waterhouse Canada Inc. Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

TD Waterhouse Canada Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,227 shares of the Internet television network’s stock after buying an additional 2,343 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Netflix were worth $42,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC lifted its holdings in Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after buying an additional 375,234 shares in the last quarter. Geode Capital Management LLC boosted its position in Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock valued at $8,287,823,000 after buying an additional 175,596 shares during the period. Norges Bank acquired a new position in shares of Netflix in the fourth quarter worth $5,019,087,000. Finally, Alliancebernstein L.P. increased its position in shares of Netflix by 1.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock worth $4,582,568,000 after acquiring an additional 82,564 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.2 %

Shares of NFLX stock opened at $973.03 on Monday. The company has a market capitalization of $416.22 billion, a P/E ratio of 49.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $954.87 and its two-hundred day moving average is $894.38. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period last year, the firm posted $8.28 EPS. Equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on NFLX shares. Oppenheimer reiterated an “outperform” rating on shares of Netflix in a report on Friday. Robert W. Baird lifted their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. FBN Securities began coverage on shares of Netflix in a research note on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 target price on the stock. Pivotal Research reiterated a “buy” rating on shares of Netflix in a research note on Thursday. Finally, Evercore ISI boosted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,036.38.

Insider Activity

In other news, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 274,312 shares of company stock valued at $267,919,297 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

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.