Hazlett Burt & Watson Inc. Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Hazlett Burt & Watson Inc. boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 36.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,021 shares of the Internet television network’s stock after buying an additional 271 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Netflix were worth $908,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NFLX. O Shaughnessy Asset Management LLC lifted its stake in Netflix by 12.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 56,035 shares of the Internet television network’s stock worth $49,945,000 after purchasing an additional 6,100 shares in the last quarter. Physician Wealth Advisors Inc. acquired a new position in Netflix during the 4th quarter worth about $176,000. IPG Investment Advisors LLC lifted its stake in Netflix by 0.6% during the 4th quarter. IPG Investment Advisors LLC now owns 3,252 shares of the Internet television network’s stock worth $2,899,000 after acquiring an additional 18 shares in the last quarter. Summit Securities Group LLC purchased a new position in Netflix during the 4th quarter valued at about $61,000. Finally, Schroder Investment Management Group grew its position in Netflix by 12.4% in the 4th quarter. Schroder Investment Management Group now owns 1,498,474 shares of the Internet television network’s stock valued at $1,335,620,000 after acquiring an additional 165,808 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $933.85 on Monday. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The stock has a market capitalization of $399.46 billion, a P/E ratio of 47.09, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company’s fifty day moving average is $971.74 and its two-hundred day moving average is $869.42.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS 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 business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the firm earned $2.11 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Evercore ISI increased their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. KeyCorp boosted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Bank of America increased their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,021.02.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. In the last three months, insiders sold 288,583 shares of company stock worth $279,611,567. 1.76% of the stock is 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.