First Financial Bankshares Inc Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

First Financial Bankshares Inc lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 552 shares of the Internet television network’s stock after acquiring an additional 16 shares during the period. First Financial Bankshares Inc’s holdings in Netflix were worth $492,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its position in Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares during the last quarter. State Street Corp grew its holdings in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in Netflix by 112,896.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock valued at $340,420,000 after acquiring an additional 381,590 shares during the last quarter. Jennison Associates LLC lifted its position in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after acquiring an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Netflix in the 3rd quarter valued at approximately $222,871,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several analyst reports. Loop Capital upped their price target on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Robert W. Baird upped their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Bank of America lifted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Pivotal Research increased their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,016.78.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $929.98 on Wednesday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a 50-day simple moving average of $953.42 and a 200-day simple moving average of $853.33. The company has a market cap of $397.81 billion, a PE ratio of 46.90, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the firm earned $2.11 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 30,485 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $981.92, for a total value of $29,933,831.20. Following the sale, the chairman now owns 394 shares of the company’s stock, valued at $386,876.48. This represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 288,103 shares of company stock valued at $279,142,041. Insiders own 1.76% of the company’s stock.

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.