Jaffetilchin Investment Partners LLC Has $1.67 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Jaffetilchin Investment Partners LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,875 shares of the Internet television network’s stock after selling 53 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Netflix were worth $1,671,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Argent Trust Co boosted its holdings in shares of Netflix by 23.7% in the 4th quarter. Argent Trust Co now owns 4,225 shares of the Internet television network’s stock valued at $3,766,000 after buying an additional 809 shares during the last quarter. FRG Family Wealth Advisors LLC acquired a new position in shares of Netflix during the 4th quarter worth about $214,000. Andrew Hill Investment Advisors Inc. raised its holdings in shares of Netflix by 131.3% in the 4th quarter. Andrew Hill Investment Advisors Inc. now owns 6,147 shares of the Internet television network’s stock valued at $5,479,000 after purchasing an additional 3,489 shares during the period. Treasurer of the State of North Carolina lifted its stake in Netflix by 1.1% in the 4th quarter. Treasurer of the State of North Carolina now owns 203,215 shares of the Internet television network’s stock valued at $181,130,000 after purchasing an additional 2,118 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in Netflix by 5.1% during the fourth quarter. Neuberger Berman Group LLC now owns 484,912 shares of the Internet television network’s stock worth $432,212,000 after purchasing an additional 23,710 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.3 %

NASDAQ:NFLX opened at $918.29 on Friday. The firm has a market cap of $392.80 billion, a P/E ratio of 46.31, a P/E/G ratio of 2.12 and a beta of 1.55. 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, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The firm’s fifty day moving average is $960.09 and its 200-day moving average is $884.26.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business earned $2.11 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. Equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NFLX shares. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Bank of America increased their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. BMO Capital Markets reiterated an “outperform” rating and issued a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Finally, Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and upped their target price for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $1,017.31.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 617 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 274,312 shares of company stock valued at $267,919,297 in the last quarter. 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.