Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Watts Gwilliam & Co. LLC

Watts Gwilliam & Co. LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,120 shares of the Internet television network’s stock after purchasing an additional 471 shares during the period. Netflix comprises approximately 1.0% of Watts Gwilliam & Co. LLC’s investment portfolio, making the stock its 25th biggest holding. Watts Gwilliam & Co. LLC’s holdings in Netflix were worth $4,501,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix during the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the 3rd quarter valued at approximately $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction 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. The trade was a 96.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have 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 weighed in on NFLX. Benchmark upped their price objective on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. The Goldman Sachs Group upped their price target on shares of Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Needham & Company LLC increased their target price on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised their target price on Netflix from $850.00 to $1,010.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $824.30.

Netflix Trading Down 0.5 %

Shares of NFLX stock opened at $875.00 on Friday. The stock has a market capitalization of $374.03 billion, a P/E ratio of 49.52, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $472.95 and a fifty-two week 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 company has a 50 day moving average price of $876.43 and a 200 day moving average price of $751.52.

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

Netflix 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.