Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Custom Index Systems LLC

Custom Index Systems LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,569 shares of the Internet television network’s stock after acquiring an additional 56 shares during the quarter. Netflix accounts for 0.8% of Custom Index Systems LLC’s portfolio, making the stock its 29th largest position. Custom Index Systems LLC’s holdings in Netflix were worth $1,398,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Netflix by 58.2% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,560 shares of the Internet television network’s stock worth $26,698,000 after purchasing an additional 14,560 shares in the last quarter. AMF Tjanstepension AB increased its position in shares of Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares during the period. Czech National Bank raised its stake in shares of Netflix by 6.5% in the 3rd quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock worth $62,008,000 after buying an additional 5,312 shares in the last quarter. Meritas Wealth Management LLC raised its stake in shares of Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after buying an additional 16 shares in the last quarter. Finally, Apella Capital LLC lifted its holdings in shares of Netflix by 5.9% in the third quarter. Apella Capital LLC now owns 1,054 shares of the Internet television network’s stock valued at $749,000 after buying an additional 59 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction 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. In the last three months, insiders have sold 105,516 shares of company stock worth $92,377,637. 1.76% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Evercore ISI boosted 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. KeyCorp boosted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded 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 report on Friday, January 24th. Finally, StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Ten research 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $976.76 on Friday. The stock has a market capitalization of $417.82 billion, a P/E ratio of 49.26, a P/E/G ratio of 2.03 and a beta of 1.27. The business has a 50-day moving average of $903.09 and a two-hundred day moving average of $775.54. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13.

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

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.