Savant Capital LLC Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Savant Capital LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,873 shares of the Internet television network’s stock after purchasing an additional 909 shares during the quarter. Savant Capital LLC’s holdings in Netflix were worth $3,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NFLX. Jennison Associates LLC raised its position in 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 acquiring an additional 1,573,978 shares during the period. Northern Trust Corp raised its holdings in Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after purchasing an additional 96,938 shares during the period. Clearbridge Investments LLC lifted its position in Netflix by 5.3% during the third quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock valued at $1,051,123,000 after purchasing an additional 139,165 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Netflix by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock valued at $903,834,000 after purchasing an additional 14,364 shares during the period. Finally, International Assets Investment Management LLC increased its position in Netflix by 15,039.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after buying an additional 2,061,859 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at $17,091.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,839 shares of company stock worth $77,788,745. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

Netflix stock opened at $551.71 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $237.73 billion, a P/E ratio of 38.29, a price-to-earnings-growth ratio of 1.35 and a beta of 1.23. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The company’s 50-day moving average is $603.12 and its 200 day moving average is $524.53.

Netflix (NASDAQ:NFLX) last issued its quarterly 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. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the prior year, the business posted $2.88 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Research analysts forecast that Netflix, Inc. will post 18.13 EPS for the current year.

Analyst Ratings Changes

NFLX has been the topic of a number of analyst reports. Piper Sandler boosted their price objective on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Jefferies Financial Group upped their price target on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. Bank of America raised their price objective on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Pivotal Research upped their target price on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Guggenheim raised their price target on Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.