SeaBridge Investment Advisors LLC Buys 155 Shares of Netflix, Inc. (NASDAQ:NFLX)

SeaBridge Investment Advisors LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,802 shares of the Internet television network’s stock after buying an additional 155 shares during the quarter. Netflix makes up approximately 1.1% of SeaBridge Investment Advisors LLC’s portfolio, making the stock its 26th largest holding. SeaBridge Investment Advisors LLC’s holdings in Netflix were worth $5,171,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% during 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 purchasing an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the third quarter valued at about $37,000. FSA Wealth Management LLC purchased a new stake in Netflix during the third quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new stake in Netflix during the third quarter valued at about $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Up 0.4 %

Shares of Netflix stock opened at $976.76 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The stock has a market capitalization of $417.82 billion, a price-to-earnings ratio of 49.26, a P/E/G ratio of 2.03 and a beta of 1.27. The company’s 50 day moving average price is $904.67 and its 200-day moving average price is $777.76.

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 firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the business earned $2.11 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on NFLX. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Oppenheimer increased their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Citigroup increased their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Evercore ISI increased their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, KeyCorp increased their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the sale, the chief executive officer now owns 2,556 shares in the company, valued at $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 105,516 shares of company stock worth $92,377,637 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

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.