West Branch Capital LLC Has $1.82 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

West Branch Capital LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 46.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,038 shares of the Internet television network’s stock after buying an additional 649 shares during the quarter. West Branch Capital LLC’s holdings in Netflix were worth $1,817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. DigitalBridge Group Inc. boosted its holdings in shares of Netflix by 35.5% during the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after buying an additional 9,451 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after acquiring an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares during the period. Finally, M&T Bank Corp boosted its stake in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after purchasing an additional 1,684 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 1.3 %

NASDAQ NFLX opened at $869.68 on Wednesday. Netflix, Inc. has a 12 month low of $479.90 and a 12 month high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $371.75 billion, a PE ratio of 49.22, a P/E/G ratio of 1.40 and a beta of 1.27. The stock’s 50 day moving average is $885.64 and its 200 day moving average is $760.81.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same quarter in the previous year, the company earned $2.11 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Research analysts predict that Netflix, Inc. will post 19.76 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock valued at $127,616,898 over the last 90 days. 1.76% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on NFLX. Jefferies Financial Group increased their price objective on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and raised their target price for the company from $940.00 to $1,150.00 in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Guggenheim raised their target price on Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Oppenheimer dropped their price objective on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $952.30.

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.