Abbrea Capital LLC Has $728,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Abbrea Capital LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,495 shares of the Internet television network’s stock after purchasing an additional 83 shares during the period. Abbrea Capital LLC’s holdings in Netflix were worth $728,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Authentikos Wealth Advisory LLC bought a new stake in shares of Netflix during the third quarter valued at about $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Netflix in the 3rd quarter worth about $26,000. Carmel Capital Partners LLC increased its position in shares of Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after buying an additional 58 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 35 shares in the last quarter. Finally, Pacifica Partners Inc. bought a new position in shares of Netflix in the fourth quarter worth approximately $41,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In related news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 5,533 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $575.00, for a total value of $3,181,475.00. Following the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $7,526,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The disclosure for this sale can be found here. Insiders sold 160,106 shares of company stock valued at $92,729,716 in the last quarter. 2.45% of the stock is currently owned by insiders.

Netflix Trading Up 1.7 %

Netflix stock traded up $9.68 during mid-day trading on Thursday, hitting $564.80. The stock had a trading volume of 3,715,725 shares, compared to its average volume of 4,518,060. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $243.37 billion, a PE ratio of 39.13, a P/E/G ratio of 1.41 and a beta of 1.22. The stock has a 50-day simple moving average of $605.56 and a two-hundred day simple moving average of $517.91.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the previous year, the firm posted $2.88 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Netflix, Inc. will post 18.09 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NFLX shares. Rosenblatt Securities dropped their price target on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. KeyCorp lifted their target price on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Seaport Res Ptn cut Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group upped their price objective on Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, Barclays increased their price objective on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $630.58.

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.