Tsfg LLC Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Tsfg LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 9.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,036 shares of the Internet television network’s stock after acquiring an additional 90 shares during the quarter. Tsfg LLC’s holdings in Netflix were worth $923,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NFLX. Thoroughbred Financial Services LLC lifted its stake in Netflix by 99.1% in the second quarter. Thoroughbred Financial Services LLC now owns 1,802 shares of the Internet television network’s stock worth $1,216,000 after acquiring an additional 897 shares during the period. Redwood Wealth Management Group LLC purchased a new position in Netflix during the 2nd quarter valued at about $145,000. Brown Brothers Harriman & Co. raised its holdings in shares of Netflix by 11.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,142 shares of the Internet television network’s stock valued at $2,795,000 after purchasing an additional 431 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new stake in shares of Netflix in the 2nd quarter worth approximately $82,000. Finally, Angeles Investment Advisors LLC increased its holdings in Netflix by 19.3% during the second quarter. Angeles Investment Advisors LLC now owns 1,099 shares of the Internet television network’s stock valued at $742,000 after buying an additional 178 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. Citigroup lifted their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Rosenblatt Securities boosted their target price on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Loop Capital cut Netflix from a “buy” rating to a “hold” rating and increased their price target for the company from $800.00 to $950.00 in a research note on Monday, December 16th. UBS Group boosted their price target on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Bank of America increased their price objective on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $832.94.

Netflix Stock Performance

Shares of NFLX stock opened at $840.29 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $359.19 billion, a P/E ratio of 47.55, a P/E/G ratio of 1.77 and a beta of 1.27. The firm’s 50 day moving average price is $879.75 and its 200-day moving average price is $754.88. Netflix, Inc. has a one year low of $475.26 and a one year high of $941.75.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results 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 analysts’ expectations of $9.77 billion. As a group, equities research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,817,500. The trade was a 24.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at $26,975,430. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 in the last ninety days. Company insiders own 1.76% of the company’s stock.

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.