Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Watts Gwilliam & Co. LLC

Watts Gwilliam & Co. LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 10.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,120 shares of the Internet television network’s stock after buying an additional 471 shares during the period. Netflix makes up approximately 1.0% of Watts Gwilliam & Co. LLC’s holdings, making the stock its 25th largest holding. Watts Gwilliam & Co. LLC’s holdings in Netflix were worth $4,501,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Legacy Private Trust Co. grew its holdings in shares of Netflix by 2.4% during the fourth quarter. Legacy Private Trust Co. now owns 3,274 shares of the Internet television network’s stock worth $2,918,000 after buying an additional 78 shares during the last quarter. Farmers Trust Co. acquired a new stake in Netflix during the 4th quarter worth approximately $202,000. Douglas Lane & Associates LLC grew its stake in shares of Netflix by 17.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 579 shares of the Internet television network’s stock valued at $516,000 after purchasing an additional 88 shares during the last quarter. Private Client Services LLC acquired a new position in shares of Netflix in the fourth quarter valued at approximately $234,000. Finally, Worth Asset Management LLC increased its holdings in shares of Netflix by 210.3% in the fourth quarter. Worth Asset Management LLC now owns 3,094 shares of the Internet television network’s stock valued at $2,758,000 after purchasing an additional 2,097 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $875.00 on Friday. The company has a market cap of $374.03 billion, a P/E ratio of 49.52, a P/E/G ratio of 1.77 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $876.43 and its two-hundred day moving average is $751.52. Netflix, Inc. has a fifty-two week low of $472.95 and a fifty-two week high of $941.75.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. In the last three months, insiders sold 156,742 shares of company stock valued at $131,030,268. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NFLX shares. Canaccord Genuity Group lifted their price objective on shares of Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Jefferies Financial Group increased their target price on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. KeyCorp lifted their price target on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Evercore ISI increased their price objective on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Finally, Wolfe Research restated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $824.30.

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.