Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by HBW Advisory Services LLC

HBW Advisory Services LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 13.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,114 shares of the Internet television network’s stock after acquiring an additional 482 shares during the quarter. HBW Advisory Services LLC’s holdings in Netflix were worth $3,667,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Highline Wealth Partners LLC lifted its holdings in shares of Netflix by 2.5% in the 4th quarter. Highline Wealth Partners LLC now owns 710 shares of the Internet television network’s stock worth $633,000 after acquiring an additional 17 shares during the last quarter. ORG Wealth Partners LLC lifted its holdings in shares of Netflix by 5.8% in the 4th quarter. ORG Wealth Partners LLC now owns 760 shares of the Internet television network’s stock worth $677,000 after acquiring an additional 42 shares during the last quarter. Hilltop National Bank lifted its holdings in shares of Netflix by 2.6% in the 4th quarter. Hilltop National Bank now owns 3,609 shares of the Internet television network’s stock worth $3,217,000 after acquiring an additional 92 shares during the last quarter. Baker Tilly Wealth Management LLC lifted its holdings in shares of Netflix by 5.0% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 3,376 shares of the Internet television network’s stock worth $3,009,000 after acquiring an additional 161 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC lifted its holdings in shares of Netflix by 10.1% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 5,120 shares of the Internet television network’s stock worth $4,501,000 after acquiring an additional 471 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

Netflix stock traded down $29.11 during midday trading on Friday, hitting $845.89. 2,829,401 shares of the company’s stock were exchanged, compared to its average volume of 2,753,515. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $361.58 billion, a price-to-earnings ratio of 47.87, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The firm’s 50 day simple moving average is $876.43 and its 200 day simple moving average is $751.52.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Equities research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated 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 owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at $26,975,430. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 156,742 shares of company stock worth $131,030,268. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NFLX. TD Cowen increased their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Bank of America increased their target price on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Argus increased their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday. Rosenblatt Securities increased their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Barclays reiterated an “underweight” rating and set a $550.00 target price on shares of Netflix in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $824.00.

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.