Empirical Finance LLC Has $13.28 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Empirical Finance LLC trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,894 shares of the Internet television network’s stock after selling 185 shares during the quarter. Netflix accounts for 0.8% of Empirical Finance LLC’s portfolio, making the stock its 22nd largest holding. Empirical Finance LLC’s holdings in Netflix were worth $13,275,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake 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 acquiring an additional 42 shares during the last quarter. Newton One Investments LLC bought a new position in Netflix in the 4th quarter worth approximately $34,000. MidAtlantic Capital Management Inc. bought a new position in Netflix in the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC bought a new position in Netflix in the 3rd quarter worth approximately $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 0.2 %

Shares of NASDAQ: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 market capitalization of $433.72 billion, a P/E ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The company has a 50-day simple moving average of $917.36 and a 200 day simple moving average of $790.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

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, beating 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 business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the business posted $2.11 EPS. Netflix’s revenue was up 16.0% on a year-over-year basis. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the firm’s 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 ninety days, insiders sold 299,517 shares of company stock worth $285,805,037. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Loop Capital boosted their price objective on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and increased their price target for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Ten 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.