XML Financial LLC Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

XML Financial LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 330 shares of the Internet television network’s stock after buying an additional 22 shares during the quarter. XML Financial LLC’s holdings in Netflix were worth $294,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. DigitalBridge Group Inc. increased its position in shares of Netflix by 35.5% in the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after acquiring an additional 9,451 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after buying an additional 29,726 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after acquiring an additional 11,921 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after buying an additional 1,684 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NFLX shares. UBS Group lifted their price target on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday. Loop Capital increased their price objective on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $715.00 to $900.00 in a research report on Wednesday. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and raised their price objective for the company from $940.00 to $1,150.00 in a report on Wednesday. Finally, The Goldman Sachs Group boosted their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $993.82.

Netflix Stock Performance

NASDAQ NFLX opened at $953.99 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $407.79 billion, a P/E ratio of 53.99, a P/E/G ratio of 1.40 and a beta of 1.27. The stock has a 50-day moving average of $886.64 and a two-hundred day moving average of $762.07. Netflix, Inc. has a 1-year low of $481.40 and a 1-year high of $999.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period in the prior year, the firm earned $2.11 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 19.76 EPS for the current year.

Insider Activity

In other Netflix news, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,198 shares of company stock worth $127,616,898. Corporate insiders own 1.76% of the company’s stock.

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.