Meitav Investment House Ltd. Has $11.73 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Meitav Investment House Ltd. lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 37.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,155 shares of the Internet television network’s stock after selling 7,990 shares during the period. Meitav Investment House Ltd.’s holdings in Netflix were worth $11,725,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Handelsbanken Fonder AB grew its holdings in shares of Netflix by 3.7% during the fourth quarter. Handelsbanken Fonder AB now owns 197,945 shares of the Internet television network’s stock worth $176,432,000 after purchasing an additional 7,092 shares during the last quarter. WealthBridge Capital Management LLC boosted its position in Netflix by 0.9% during the 4th quarter. WealthBridge Capital Management LLC now owns 1,550 shares of the Internet television network’s stock worth $1,382,000 after buying an additional 14 shares during the period. Corps Capital Advisors LLC bought a new stake in Netflix during the 4th quarter worth approximately $2,318,000. Private Wealth Partners LLC increased its position in Netflix by 1.2% in the 4th quarter. Private Wealth Partners LLC now owns 898 shares of the Internet television network’s stock valued at $800,000 after acquiring an additional 11 shares during the period. Finally, Bryn Mawr Capital Management LLC raised its stake in shares of Netflix by 868.8% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 20,433 shares of the Internet television network’s stock valued at $18,212,000 after acquiring an additional 18,324 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 303,220 shares of company stock valued at $289,856,164. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. KeyCorp increased their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Evercore ISI lifted their price objective on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and upped their target price for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Ten investment 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 stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Up 0.7 %

Shares of NASDAQ:NFLX opened at $1,043.33 on Thursday. The business’s 50 day moving average is $936.88 and its 200 day moving average is $814.17. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The stock has a market cap of $446.29 billion, a price-to-earnings ratio of 52.61, a PEG ratio of 2.19 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted 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. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.11 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.