CX Institutional Raises Stock Position in Netflix, Inc. (NASDAQ:NFLX)

CX Institutional lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 22.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,596 shares of the Internet television network’s stock after acquiring an additional 484 shares during the quarter. CX Institutional’s holdings in Netflix were worth $2,314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NFLX. Berbice Capital Management LLC purchased a new position in Netflix during the 4th quarter valued at about $178,000. LexAurum Advisors LLC grew its position in shares of Netflix by 15.7% in the fourth quarter. LexAurum Advisors LLC now owns 442 shares of the Internet television network’s stock valued at $394,000 after purchasing an additional 60 shares during the last quarter. Rappaport Reiches Capital Management LLC increased its stake in shares of Netflix by 1.3% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 3,234 shares of the Internet television network’s stock worth $2,883,000 after purchasing an additional 41 shares in the last quarter. RFG Advisory LLC raised its position in shares of Netflix by 23.7% during the 4th quarter. RFG Advisory LLC now owns 3,390 shares of the Internet television network’s stock worth $3,021,000 after purchasing an additional 649 shares during the last quarter. Finally, Private Capital Advisors Inc. lifted its stake in Netflix by 2.0% in the 4th quarter. Private Capital Advisors Inc. now owns 27,950 shares of the Internet television network’s stock valued at $24,912,000 after buying an additional 541 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $977.59 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm’s 50 day moving average is $892.06 and its two-hundred day moving average is $764.95. The firm has a market capitalization of $417.88 billion, a P/E ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00.

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 analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.11 EPS. Analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last three months, insiders sold 147,117 shares of company stock valued at $123,913,691. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NFLX. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and raised their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday. Wedbush reiterated an “outperform” rating and set a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a research report on Wednesday. Morgan Stanley upped their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company lifted their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Oppenheimer raised their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,009.29.

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.