Kesler Norman & Wride LLC Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

Kesler Norman & Wride LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 16.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,816 shares of the Internet television network’s stock after acquiring an additional 404 shares during the period. Kesler Norman & Wride LLC’s holdings in Netflix were worth $2,514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after purchasing an additional 171,712 shares during the last quarter. State Street Corp increased its holdings in shares of Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock valued at $8,287,823,000 after buying an additional 175,596 shares in the last quarter. Norges Bank purchased a new stake in shares of Netflix during the 4th quarter valued at $5,019,087,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of Netflix by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock worth $4,582,568,000 after acquiring an additional 82,564 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $928.38 on Wednesday. The company’s fifty day moving average price is $974.40 and its 200-day moving average price is $872.78. The stock has a market cap of $397.12 billion, a PE ratio of 46.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.11 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on NFLX. Macquarie increased their target price on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Moffett Nathanson upgraded Netflix from a “neutral” rating to a “buy” rating and increased their price objective for the company from $850.00 to $1,100.00 in a research report on Monday, March 17th. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,021.02.

Insider Buying and Selling

In other news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold 288,583 shares of company stock worth $279,611,567 in the last 90 days. Insiders own 1.76% of the company’s stock.

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.