Ameritas Advisory Services LLC Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Ameritas Advisory Services LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 35.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,733 shares of the Internet television network’s stock after purchasing an additional 973 shares during the period. Ameritas Advisory Services LLC’s holdings in Netflix were worth $3,327,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix during the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix during the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.9 %

Shares of NFLX stock opened at $858.10 on Monday. The firm has a market capitalization of $366.80 billion, a PE ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. The stock has a fifty day simple moving average of $884.58 and a two-hundred day simple moving average of $759.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 52-week low of $476.06 and a 52-week high of $941.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on NFLX shares. Evercore ISI upped their target price on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Wells Fargo & Company upped their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Rosenblatt Securities restated a “neutral” rating and issued a $680.00 price target on shares of Netflix in a research note on Thursday. Finally, Macquarie upped their price target on Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $845.06.

Insider Buying and Selling

In related news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,198 shares of company stock worth $127,616,898. Corporate insiders own 1.76% of the company’s stock.

Netflix 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.