Pittenger & Anderson Inc. Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

Pittenger & Anderson Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 63.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,781 shares of the Internet television network’s stock after purchasing an additional 1,467 shares during the period. Pittenger & Anderson Inc.’s holdings in Netflix were worth $3,370,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at approximately $25,000. Pathway Financial Advisers LLC grew its stake in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC purchased a new position in shares of Netflix during the 4th quarter valued at approximately $34,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 1.4 %

Shares of NFLX opened at $1,058.60 on Monday. The stock’s fifty day simple moving average is $929.40 and its 200-day simple moving average is $806.53. The firm has a market capitalization of $452.83 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the company posted $2.11 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on NFLX shares. Guggenheim raised their price target on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Oppenheimer raised their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Arete Research upgraded Netflix to a “hold” rating in a research report on Thursday, January 23rd. Bank of America upped their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Macquarie boosted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 685 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total value of $691,555.45. Following the completion of the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at $3,726,322.87. The trade was a 15.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 303,809 shares of company stock valued at $290,374,484. Company 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.