Great Valley Advisor Group Inc. Acquires 369 Shares of Netflix, Inc. (NASDAQ:NFLX)

Great Valley Advisor Group Inc. boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,274 shares of the Internet television network’s stock after buying an additional 369 shares during the period. Great Valley Advisor Group Inc.’s holdings in Netflix were worth $3,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. International Assets Investment Management LLC increased its position in shares of Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after acquiring an additional 2,061,859 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Netflix by 142.6% during the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after purchasing an additional 392,427 shares in the last quarter. Alecta Tjanstepension Omsesidigt increased its holdings in Netflix by 171.4% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after buying an additional 300,000 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Netflix in the 3rd quarter worth about $99,219,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. Insiders have sold 133,839 shares of company stock valued at $77,788,745 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NFLX. TD Cowen increased their price objective on shares of Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Oppenheimer reissued an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research report on Friday, April 19th. Evercore ISI increased their price objective on shares of Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Sanford C. Bernstein lifted their price target on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research note on Friday, April 19th. Finally, Jefferies Financial Group lifted their target price on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $631.15.

Netflix Trading Up 1.2 %

NASDAQ NFLX traded up $6.69 on Thursday, hitting $558.40. The company’s stock had a trading volume of 169,768 shares, compared to its average volume of 4,414,950. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52-week low of $315.85 and a 52-week high of $639.00. The firm has a market cap of $240.61 billion, a P/E ratio of 38.29, a PEG ratio of 1.35 and a beta of 1.23. The company’s 50-day simple moving average is $603.12 and its 200 day simple moving average is $524.53.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.88 EPS. Research analysts predict that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

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.