Netflix, Inc. (NASDAQ:NFLX) Holdings Lifted by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,374 shares of the Internet television network’s stock after acquiring an additional 141 shares during the quarter. Netflix accounts for approximately 3.8% of Frank Rimerman Advisors LLC’s holdings, making the stock its 5th biggest holding. Frank Rimerman Advisors LLC’s holdings in Netflix were worth $52,030,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix in the third quarter worth $25,000. Pathway Financial Advisers LLC increased its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the period. Newton One Investments LLC purchased a new position in shares of Netflix in the fourth quarter worth $34,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the third quarter worth $37,000. Finally, Pineridge Advisors LLC increased its stake in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 3.1 %

Netflix stock opened at $918.00 on Friday. The firm has a 50 day moving average of $951.04 and a 200 day moving average of $847.68. The firm has a market capitalization of $392.68 billion, a price-to-earnings ratio of 46.29, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released its 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm posted $2.11 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Evercore ISI boosted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted 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. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Finally, Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,014.26.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 30,485 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the completion of the transaction, the chairman now directly owns 394 shares in the company, valued at approximately $386,876.48. This represents a 98.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock valued at $279,142,041 in the last three months. 1.76% of the stock is currently owned by corporate 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.