Mather Group LLC. Buys 127 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mather Group LLC. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,602 shares of the Internet television network’s stock after acquiring an additional 127 shares during the quarter. Mather Group LLC.’s holdings in Netflix were worth $2,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after buying an additional 642,920 shares during the period. State Street Corp grew its holdings in Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the last quarter. Jennison Associates LLC increased its position in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP bought a new position in shares of Netflix during the third quarter valued at about $222,871,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 1.6 %

Netflix stock opened at $994.87 on Wednesday. The business’s fifty day moving average is $906.93 and its 200 day moving average is $781.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $425.57 billion, a PE ratio of 50.17, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,008.00.

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

Insider Buying and Selling

In other news, Director Timothy M. Haley sold 647 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders sold 281,026 shares of company stock valued at $267,211,135 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a report on Thursday, January 23rd. Guggenheim upped their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,021.70.

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.