Cwm LLC Acquires 3,332 Shares of Netflix, Inc. (NASDAQ:NFLX)

Cwm LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,441 shares of the Internet television network’s stock after purchasing an additional 3,332 shares during the quarter. Cwm LLC’s holdings in Netflix were worth $28,454,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Columbia Trust Co 01012016 lifted its position in shares of Netflix by 15.3% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after purchasing an additional 208 shares during the last quarter. Crumly & Associates Inc. raised its holdings in shares of Netflix by 4.1% in the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after acquiring an additional 83 shares in the last quarter. Venture Visionary Partners LLC raised its holdings in shares of Netflix by 15.4% in the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after acquiring an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after acquiring an additional 392,427 shares in the last quarter. Finally, Sandy Cove Advisors LLC raised its holdings in shares of Netflix by 10.6% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after acquiring an additional 114 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NASDAQ:NFLX traded down $55.52 during trading hours on Friday, reaching $555.04. The company had a trading volume of 16,449,699 shares, compared to its average volume of 2,885,287. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The firm has a market cap of $240.20 billion, a PE ratio of 38.52, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. The business’s 50 day moving average price is $605.65 and its 200-day moving average price is $514.02. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.46% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the previous year, the company posted $2.88 earnings per share. Netflix’s revenue for the quarter was up 14.8% on a year-over-year basis. Research analysts forecast that Netflix, Inc. will post 17.13 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company lifted their price objective on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday. Oppenheimer restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Friday. JPMorgan Chase & Co. lifted their price objective on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Piper Sandler lifted their target price on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, UBS Group lifted their target price on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $630.58.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is owned by company insiders.

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.