Baxter Bros Inc. Has $10.70 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Baxter Bros Inc. lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,005 shares of the Internet television network’s stock after selling 97 shares during the quarter. Netflix comprises about 1.4% of Baxter Bros Inc.’s investment portfolio, making the stock its 19th largest position. Baxter Bros Inc.’s holdings in Netflix were worth $10,700,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. West Michigan Advisors LLC increased its position in Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock worth $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. lifted its stake in Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after buying an additional 10 shares during the period. MRP Capital Investments LLC grew its position in shares of Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after buying an additional 10 shares during the period. Enzi Wealth increased its stake in shares of Netflix by 3.4% in the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after acquiring an additional 11 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its position in shares of Netflix by 1.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after acquiring an additional 11 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 35,868 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock worth $279,142,041 over the last quarter. 1.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Needham & Company LLC upped their target price on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Moffett Nathanson raised Netflix from a “neutral” rating to a “buy” rating and increased their target price for the stock from $850.00 to $1,100.00 in a research note on Monday, March 17th. Finally, The Goldman Sachs Group lifted their price target on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,016.78.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $971.99 on Tuesday. The company has a market capitalization of $415.78 billion, a PE ratio of 49.02, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $961.71 and a 200 day simple moving average of $861.09. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. Netflix’s revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current 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.