AlphaMark Advisors LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

AlphaMark Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1,142.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 87 shares of the Internet television network’s stock after buying an additional 80 shares during the period. AlphaMark Advisors LLC’s holdings in Netflix were worth $78,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp grew its position in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after purchasing an additional 426,740 shares in the last quarter. Geode Capital Management LLC boosted its stake in Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after purchasing an additional 123,029 shares during the period. Jennison Associates LLC grew its holdings in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after buying an additional 316,594 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after buying an additional 23,702 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a report on Thursday. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and increased their target price for the company from $975.00 to $1,200.00 in a research report on Friday. Nine investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock worth $123,913,691 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock opened at $977.59 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average price is $895.13 and its 200-day moving average price is $767.55. The firm has a market cap of $417.88 billion, a P/E ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00.

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 net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same quarter in the previous year, the business posted $2.11 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities research analysts expect that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

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.