Everence Capital Management Inc. Buys 140 Shares of Netflix, Inc. (NASDAQ:NFLX)

Everence Capital Management Inc. boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,970 shares of the Internet television network’s stock after acquiring an additional 140 shares during the quarter. Everence Capital Management Inc.’s holdings in Netflix were worth $5,828,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Columbia Trust Co 01012016 increased its stake in Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after buying an additional 208 shares during the last quarter. Crumly & Associates Inc. increased its stake in Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after buying an additional 83 shares during the last quarter. Venture Visionary Partners LLC increased its stake in Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after buying an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after buying an additional 392,427 shares during the last quarter. Finally, Smith Anglin Financial LLC increased its stake in shares of Netflix by 7.7% during the 3rd quarter. Smith Anglin Financial LLC now owns 546 shares of the Internet television network’s stock worth $206,000 after purchasing an additional 39 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

Shares of Netflix stock traded up $10.37 on Tuesday, reaching $617.52. 3,504,892 shares of the stock were exchanged, compared to its average volume of 4,244,426. The firm’s 50 day moving average is $602.41 and its 200-day moving average is $508.76. Netflix, Inc. has a one year low of $315.62 and a one year high of $639.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $267.24 billion, a PE ratio of 51.70, a P/E/G ratio of 1.69 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The firm had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. As a group, analysts anticipate that Netflix, Inc. will post 17.02 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 13,655 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total value of $7,425,589.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Gregory K. Peters sold 13,655 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total value of $7,425,589.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The disclosure for this sale can be found here. Insiders sold a total of 268,335 shares of company stock valued at $151,619,811 in the last quarter. Insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NFLX shares. Redburn Atlantic boosted their price objective on shares of Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective on the stock in a research note on Thursday, January 25th. Bank of America boosted their price objective on shares of Netflix from $585.00 to $650.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Jefferies Financial Group boosted their price objective on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. Finally, Guggenheim upped their price target on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $603.48.

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.