Howland Capital Management LLC Has $1.96 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Howland Capital Management LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,198 shares of the Internet television network’s stock after acquiring an additional 22 shares during the quarter. Howland Capital Management LLC’s holdings in Netflix were worth $1,959,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 valued at $34,000 after buying an additional 42 shares during the last quarter. Newton One Investments LLC bought a new position in shares of Netflix in the fourth quarter valued at about $34,000. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix in the third quarter valued at about $37,000. Finally, FSA Wealth Management LLC bought a new position in shares of Netflix in the third quarter valued at about $38,000. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and set a $1,150.00 price objective (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their price objective on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Price Performance

Shares of NFLX opened at $1,013.93 on Friday. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,027.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business’s 50 day moving average price is $917.36 and its two-hundred day moving average price is $790.17. The firm has a market cap of $433.72 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

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

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, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders sold a total of 299,517 shares of company stock worth $285,805,037 over the last quarter. 1.76% of the stock is currently owned by corporate insiders.

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.