Nadler Financial Group Inc. Acquires 35 Shares of Netflix, Inc. (NASDAQ:NFLX)

Nadler Financial Group Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,110 shares of the Internet television network’s stock after purchasing an additional 35 shares during the quarter. Nadler Financial Group Inc.’s holdings in Netflix were worth $540,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Jennison Associates LLC increased its stake in Netflix by 40.6% during the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after acquiring an additional 1,573,978 shares during the last quarter. Northern Trust Corp raised its holdings in Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after buying an additional 96,938 shares during the period. Clearbridge Investments LLC raised its holdings in Netflix by 5.3% during the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock valued at $1,051,123,000 after buying an additional 139,165 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Netflix by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock valued at $903,834,000 after buying an additional 14,364 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Netflix by 15,039.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after buying an additional 2,061,859 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 3,673 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,573 shares of company stock valued at $89,548,241. Company insiders own 2.45% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock traded down $8.06 on Friday, reaching $556.74. 2,412,120 shares of the stock were exchanged, compared to its average volume of 4,490,036. The business has a 50 day moving average price of $604.99 and a two-hundred day moving average price of $518.24. The firm has a market capitalization of $239.90 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 1.36 and a beta of 1.22. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.88 EPS. Analysts anticipate that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays increased their price target on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Citigroup increased their target price on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. Needham & Company LLC upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 price objective for the company in a report on Friday, April 19th. UBS Group raised their target price on shares of Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Macquarie boosted their price target on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $630.58.

Netflix Company 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.