Weaver Capital Management LLC Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Weaver Capital Management LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,224 shares of the Internet television network’s stock after purchasing an additional 38 shares during the quarter. Weaver Capital Management LLC’s holdings in Netflix were worth $2,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter worth $25,000. Newton One Investments LLC bought a new stake in Netflix in the fourth quarter worth $34,000. Princeton Global Asset Management LLC lifted its position in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in 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 worth $34,000 after buying an additional 42 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in Netflix in the fourth quarter worth $43,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 1.6 %

Shares of NASDAQ:NFLX opened at $994.87 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $425.57 billion, a PE ratio of 50.17, a PEG ratio of 2.02 and a beta of 1.27. The business has a 50 day moving average of $906.93 and a two-hundred day moving average of $781.90. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,008.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The business 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 business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on NFLX shares. Phillip Securities downgraded Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Robert W. Baird lifted their target price on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Loop Capital raised their price target on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Wedbush restated an “outperform” rating and set a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research note on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction on Monday, November 11th. The shares were 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 281,026 shares of company stock valued at $267,211,135 in the last three months. 1.76% of the stock is currently owned by company 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.