Eagle Bluffs Wealth Management LLC Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Eagle Bluffs Wealth Management LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,841 shares of the Internet television network’s stock after buying an additional 56 shares during the quarter. Netflix makes up approximately 1.6% of Eagle Bluffs Wealth Management LLC’s holdings, making the stock its 20th largest holding. Eagle Bluffs Wealth Management LLC’s holdings in Netflix were worth $2,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. State Street Corp grew its holdings in shares of Netflix by 0.4% during the 1st quarter. State Street Corp now owns 16,195,490 shares of the Internet television network’s stock worth $5,595,196,000 after purchasing an additional 62,507 shares during the period. Morgan Stanley boosted its holdings in Netflix by 11.1% in the 4th quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network’s stock worth $1,906,005,000 after acquiring an additional 644,162 shares during the period. Norges Bank purchased a new position in Netflix in the 4th quarter worth approximately $1,501,762,000. Northern Trust Corp boosted its holdings in Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after acquiring an additional 96,938 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Netflix by 24.3% in the 3rd quarter. Jennison Associates LLC now owns 3,878,293 shares of the Internet television network’s stock worth $1,464,444,000 after acquiring an additional 759,378 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $11.04 during midday trading on Tuesday, hitting $618.19. The stock had a trading volume of 2,699,558 shares, compared to its average volume of 4,241,726. The company’s 50-day moving average price is $602.41 and its 200-day moving average price is $508.76. The company has a market capitalization of $267.53 billion, a P/E ratio of 51.70, a price-to-earnings-growth ratio of 1.69 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The company had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. Netflix’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 17.02 EPS for the current fiscal year.

Insider Activity

In related news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on NFLX shares. Citigroup increased their target price on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. Loop Capital raised their price target on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a report on Monday, March 18th. KeyCorp raised their target price on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Jefferies Financial Group upped their price objective on shares of Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, March 12th. Finally, TD Cowen lifted their target price on shares of Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $603.48.

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.