Private Advisor Group LLC Has $10.17 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Private Advisor Group LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,877 shares of the Internet television network’s stock after purchasing an additional 894 shares during the period. Private Advisor Group LLC’s holdings in Netflix were worth $10,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. KFA Private Wealth Group LLC lifted its position in shares of Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after purchasing an additional 18 shares in the last quarter. Addison Advisors LLC lifted its holdings in Netflix by 7.8% during the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after acquiring an additional 20 shares during the period. Regent Peak Wealth Advisors LLC grew its stake in Netflix by 1.6% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock valued at $635,000 after purchasing an additional 21 shares during the period. Capital Advisors Ltd. LLC increased its position in shares of Netflix by 5.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock valued at $191,000 after purchasing an additional 22 shares during the last quarter. Finally, Centurion Wealth Management LLC raised its stake in shares of Netflix by 2.4% during the 4th quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock worth $479,000 after purchasing an additional 23 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Gregory K. Peters sold 5,352 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Netflix news, insider David A. Hyman sold 268 shares of Netflix stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $18,764,328.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,181,250. The disclosure for this sale can be found here. Insiders sold a total of 157,141 shares of company stock worth $90,796,396 in the last quarter. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Canaccord Genuity Group reissued a “hold” rating and issued a $585.00 target price (down from $720.00) on shares of Netflix in a research report on Friday, April 19th. CICC Research assumed coverage on shares of Netflix in a report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price objective on the stock. Morgan Stanley increased their target price on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Wells Fargo & Company boosted their price target on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, Robert W. Baird raised their price objective on shares of Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $631.15.

Netflix Trading Up 1.1 %

Netflix stock traded up $6.81 during mid-day trading on Tuesday, reaching $603.78. 1,925,051 shares of the company traded hands, compared to its average volume of 4,398,437. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. Netflix, Inc. has a 52-week low of $322.03 and a 52-week high of $639.00. The firm has a market capitalization of $260.21 billion, a price-to-earnings ratio of 41.69, a P/E/G ratio of 1.40 and a beta of 1.23. The firm’s 50 day moving average price is $602.76 and its 200 day moving average price is $530.17.

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 the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the previous year, the company earned $2.88 earnings per share. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts anticipate that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

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.