Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,462 shares of the Internet television network’s stock after buying an additional 83 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Netflix were worth $2,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB raised its holdings in Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after acquiring an additional 4,701 shares during the period. Swedbank AB lifted its position in shares of Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of Netflix by 19.3% during the third quarter. Capital Investment Advisors LLC now owns 1,753 shares of the Internet television network’s stock worth $1,244,000 after purchasing an additional 283 shares in the last quarter. Cyndeo Wealth Partners LLC raised its stake in shares of Netflix by 1.6% during the third quarter. Cyndeo Wealth Partners LLC now owns 1,731 shares of the Internet television network’s stock worth $1,228,000 after buying an additional 28 shares during the last quarter. Finally, OLD National Bancorp IN raised its stake in shares of Netflix by 4.5% during the third quarter. OLD National Bancorp IN now owns 3,547 shares of the Internet television network’s stock worth $2,516,000 after buying an additional 154 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 1.4 %

NFLX stock opened at $1,058.60 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s fifty day simple moving average is $929.40 and its 200-day simple moving average is $806.53. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a market capitalization of $452.83 billion, a P/E ratio of 53.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share 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 analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.11 earnings per share. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 303,809 shares of company stock valued at $290,374,484. 1.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Arete Research upgraded shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Robert W. Baird increased their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Morgan Stanley increased their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.