Netflix, Inc. (NASDAQ:NFLX) Shares Bought by D.B. Root & Company LLC

D.B. Root & Company LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 331 shares of the Internet television network’s stock after buying an additional 13 shares during the period. D.B. Root & Company LLC’s holdings in Netflix were worth $295,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after acquiring an additional 642,920 shares during the last quarter. State Street Corp boosted its position in shares of Netflix by 2.6% in the third 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 grew its holdings in 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 purchasing an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in Netflix during the third quarter worth approximately $222,871,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the sale, the director now owns 246 shares of the company’s stock, valued at approximately $185,976. The trade was a 95.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

Shares of NFLX opened at $953.99 on Thursday. The stock has a market capitalization of $407.79 billion, a PE ratio of 48.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. Netflix, Inc. has a 12-month low of $481.40 and a 12-month high of $999.00. The business’s fifty day moving average price is $889.11 and its 200 day moving average price is $763.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last announced its quarterly 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 return on equity of 39.48% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter last year, the business posted $2.11 EPS. The business’s revenue was up 16.0% on a year-over-year basis. Equities research analysts forecast that Netflix, Inc. will post 23.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Evercore ISI lifted their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Nine analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $993.82.

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.