Wealthstream Advisors Inc. Purchases 31 Shares of Netflix, Inc. (NASDAQ:NFLX)

Wealthstream Advisors Inc. raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 991 shares of the Internet television network’s stock after purchasing an additional 31 shares during the period. Wealthstream Advisors Inc.’s holdings in Netflix were worth $883,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after acquiring an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares during the period. M&T Bank Corp increased its holdings in Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after purchasing an additional 1,684 shares during the last quarter. Finally, Quilter Plc lifted its stake in Netflix by 8.2% in the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock valued at $128,133,000 after buying an additional 10,946 shares during the period. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NFLX. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and increased their price target for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and increased their target price for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Arete Research raised shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, UBS Group increased their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This represents a 27.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Insiders have sold 303,220 shares of company stock valued at $289,856,164 over the last 90 days. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,003.15 on Monday. Netflix, Inc. has a twelve month low of $542.01 and a twelve 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. The company has a market cap of $429.10 billion, a PE ratio of 50.59, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The business’s 50 day moving average price is $940.55 and its two-hundred day moving average price is $821.37.

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