Nilsine Partners LLC Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

Nilsine Partners LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,593 shares of the Internet television network’s stock after buying an additional 463 shares during the period. Nilsine Partners LLC’s holdings in Netflix were worth $4,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in NFLX. Nordea Investment Management AB grew its stake in Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after buying an additional 29,726 shares in 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 valued at $434,398,000 after buying an additional 11,921 shares during the period. M&T Bank Corp raised its holdings in shares of Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after acquiring an additional 1,684 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in Netflix in the third quarter worth about $1,517,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. Arete Research raised shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a research note on Thursday, January 23rd. Jefferies Financial Group increased their target price on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Argus boosted their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and raised their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

NASDAQ NFLX opened at $971.89 on Tuesday. The firm has a market capitalization of $415.44 billion, a P/E ratio of 49.01, a PEG ratio of 1.53 and a beta of 1.27. The stock has a 50-day simple moving average of $895.13 and a two-hundred day simple moving average of $768.18. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same period last year, the business earned $2.11 earnings per share. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Activity

In other news, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock valued at $123,913,691 in the last three months. 1.76% of the stock is currently owned by corporate 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.