Rehmann Capital Advisory Group Buys 106 Shares of Netflix, Inc. (NASDAQ:NFLX)

Rehmann Capital Advisory Group lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,849 shares of the Internet television network’s stock after purchasing an additional 106 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Netflix were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NFLX. West Michigan Advisors LLC grew its holdings in Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. grew its stake in shares of Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC increased its holdings in Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC raised its stake in Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock valued at $412,000 after acquiring an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. lifted its holdings in Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock valued at $3,410,000 after purchasing an additional 10 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 news, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders sold 274,495 shares of company stock valued at $268,176,922 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.4 %

NASDAQ NFLX opened at $1,125.64 on Wednesday. The firm has a market cap of $479.04 billion, a PE ratio of 56.76, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1-year low of $544.25 and a 1-year high of $1,127.81. The stock has a 50-day moving average of $959.28 and a 200-day moving average of $910.31. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on NFLX shares. Moffett Nathanson reissued a “buy” rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. JPMorgan Chase & Co. increased their target price on Netflix from $1,025.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Oppenheimer reiterated an “outperform” rating and issued a $1,200.00 price target (up from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Bank of America upped their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,072.12.

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.