Brighton Jones LLC Has $4.80 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Brighton Jones LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,390 shares of the Internet television network’s stock after acquiring an additional 257 shares during the period. Brighton Jones LLC’s holdings in Netflix were worth $4,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the third quarter worth approximately $37,000. FSA Wealth Management LLC acquired a new stake in shares of Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services acquired a new position in Netflix during the 3rd quarter worth $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NFLX. Argus lifted their target price on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday. Macquarie upped their target price on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday. Evercore ISI lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Robert W. Baird increased their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $996.94.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,500 shares of company stock worth $123,309,210 in the last ninety days. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX opened at $984.86 on Friday. The stock’s 50-day simple moving average is $889.11 and its 200 day simple moving average is $763.41. Netflix, Inc. has a 52-week low of $537.07 and a 52-week high of $999.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The company has a market cap of $420.99 billion, a P/E ratio of 49.67, a P/E/G ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same quarter in the prior year, the business posted $2.11 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Netflix 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.