Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,633 shares of the Internet television network’s stock after purchasing an additional 287 shares during the quarter. Ballentine Partners LLC’s holdings in Netflix were worth $5,912,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the third quarter worth about $37,000. FSA Wealth Management LLC purchased a new position in Netflix during the third quarter worth about $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix in the third quarter valued at about $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 1.9 %

NASDAQ:NFLX opened at $858.10 on Tuesday. The stock has a market cap of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $476.06 and a fifty-two week high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $884.58 and its two-hundred day moving average is $759.58.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays raised their price objective on shares of Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research note on Tuesday, January 14th. BMO Capital Markets upped their target price on shares of Netflix from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Finally, Bank of America increased their target price on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $845.06.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the sale, the chief executive officer now directly owns 2,556 shares in the company, valued at $1,960,579.80. The trade was a 33.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,198 shares of company stock valued at $127,616,898. 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.