Netflix, Inc. (NASDAQ:NFLX) Position Increased by D.B. Root & Company LLC

D.B. Root & Company LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 331 shares of the Internet television network’s stock after buying an additional 13 shares during the quarter. D.B. Root & Company LLC’s holdings in Netflix were worth $295,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NFLX. International Assets Investment Management LLC grew its holdings in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after acquiring an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Netflix by 154.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares in the last quarter. State Street Corp raised its holdings in Netflix by 2.6% during the 3rd 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 period. Jennison Associates LLC raised its holdings in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $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 Netflix during the 3rd quarter worth approximately $222,871,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $953.99 on Thursday. Netflix, Inc. has a 12 month low of $481.40 and a 12 month high of $999.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market cap of $407.79 billion, a P/E ratio of 48.11, a P/E/G ratio of 1.41 and a beta of 1.27. The business’s 50 day moving average is $889.11 and its two-hundred day moving average is $763.41.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results 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. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 39.48%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $2.11 EPS. On average, equities analysts expect that Netflix, Inc. will post 23.43 EPS for the current year.

Insider Activity at Netflix

In other news, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at approximately $185,976. This trade represents a 95.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the completion of the sale, the chairman now directly owns 85 shares in the company, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,198 shares of company stock worth $127,616,898 over the last three months. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. KeyCorp increased their target price on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $715.00 to $900.00 in a research report on Wednesday. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and upped their target price for the company from $940.00 to $1,150.00 in a report on Wednesday. Finally, UBS Group raised their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $993.82.

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.