Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,693 shares of the Internet television network’s stock after acquiring an additional 645 shares during the quarter. Netflix accounts for about 0.5% of Parallel Advisors LLC’s holdings, making the stock its 28th biggest holding. Parallel Advisors LLC’s holdings in Netflix were worth $22,901,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Cibc World Markets Corp increased its position in shares of Netflix by 6.1% in the 4th quarter. Cibc World Markets Corp now owns 106,701 shares of the Internet television network’s stock valued at $95,105,000 after purchasing an additional 6,163 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Netflix by 9.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 438 shares of the Internet television network’s stock worth $390,000 after purchasing an additional 39 shares in the last quarter. IMG Wealth Management Inc. purchased a new position in Netflix in the fourth quarter valued at $250,000. RS Crum Inc. purchased a new position in Netflix in the fourth quarter valued at $227,000. Finally, SlateStone Wealth LLC raised its stake in Netflix by 30.5% in the fourth quarter. SlateStone Wealth LLC now owns 620 shares of the Internet television network’s stock valued at $553,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $918.00 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The company has a 50-day simple moving average of $951.04 and a 200-day simple moving average of $849.90. The company has a market capitalization of $392.68 billion, a PE ratio of 46.29, a P/E/G ratio of 2.12 and a beta of 1.38.

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 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 quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $2.11 earnings per share. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 35,868 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on NFLX. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a report on Thursday, January 23rd. Oppenheimer boosted their price objective 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, January 22nd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and increased their target price for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Finally, Phillip Securities cut shares of Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,014.26.

About Netflix

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.