Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Northstar Advisory Group LLC

Northstar Advisory Group LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,806 shares of the Internet television network’s stock after buying an additional 515 shares during the quarter. Netflix accounts for 1.4% of Northstar Advisory Group LLC’s investment portfolio, making the stock its 22nd largest position. Northstar Advisory Group LLC’s holdings in Netflix were worth $2,340,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NFLX. BlackRock Inc. increased its position in shares of Netflix by 4.3% in the 2nd quarter. BlackRock Inc. now owns 29,911,686 shares of the Internet television network’s stock valued at $13,175,799,000 after purchasing an additional 1,240,512 shares during the last quarter. State Street Corp increased its position in shares of Netflix by 3.1% in the 2nd quarter. State Street Corp now owns 16,699,906 shares of the Internet television network’s stock valued at $7,356,142,000 after purchasing an additional 504,416 shares during the last quarter. Morgan Stanley increased its position in shares of Netflix by 11.1% in the 4th quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network’s stock valued at $1,906,005,000 after purchasing an additional 644,162 shares during the last quarter. Norges Bank purchased a new stake in shares of Netflix in the 4th quarter valued at approximately $1,501,762,000. Finally, Northern Trust Corp increased its position in shares of Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after purchasing an additional 96,938 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other Netflix news, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Netflix news, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. In the last three months, insiders sold 273,767 shares of company stock valued at $151,298,232. 2.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent analyst reports. Benchmark increased their target price on shares of Netflix from $350.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, January 19th. Oppenheimer increased their target price on shares of Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a research report on Monday, March 11th. TD Cowen increased their target price on shares of Netflix from $565.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Netflix from a “buy” rating to a “hold” rating and raised their price objective for the stock from $460.00 to $525.00 in a research report on Wednesday, January 24th. Finally, Guggenheim raised their price objective on shares of Netflix from $500.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $583.18.

Netflix Stock Down 1.7 %

Netflix stock opened at $602.91 on Thursday. The company has a 50-day simple moving average of $579.15 and a 200-day simple moving average of $486.82. The firm has a market capitalization of $260.92 billion, a P/E ratio of 51.08, a P/E/G ratio of 1.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. Netflix, Inc. has a one year low of $315.62 and a one year high of $634.39.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The company had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. As a group, equities analysts expect that Netflix, Inc. will post 17.01 earnings per share for the current 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.