Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Northern Financial Advisors Inc

Northern Financial Advisors Inc increased its position in Netflix, Inc. (NASDAQ:NFLX) by 1.3% during the fourth quarter, Holdings Channel reports. The fund owned 4,690 shares of the Internet television network’s stock after purchasing an additional 60 shares during the quarter. Netflix comprises approximately 1.9% of Northern Financial Advisors Inc’s investment portfolio, making the stock its 8th largest position. Northern Financial Advisors Inc’s holdings in Netflix were worth $2,283,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in Netflix by 15,039.1% during the 4th 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 acquiring an additional 2,061,859 shares during the period. Jennison Associates LLC increased its stake in Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after buying an additional 1,573,978 shares during the period. Assenagon Asset Management S.A. increased its stake in Netflix by 142.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after buying an additional 392,427 shares during the period. Alecta Tjanstepension Omsesidigt raised its position in shares of Netflix by 171.4% during 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 acquired a new stake in shares of Netflix in the 3rd quarter worth approximately $99,219,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider David A. Hyman sold 268 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the sale, the insider now owns 31,610 shares in the company, valued at $18,764,328.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne M. Sweeney sold 633 shares of Netflix stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 155,298 shares of company stock valued at $89,753,167. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded up $8.25 during trading on Wednesday, reaching $614.25. The stock had a trading volume of 1,721,581 shares, compared to its average volume of 4,387,732. The stock has a fifty day simple moving average of $602.85 and a two-hundred day simple moving average of $531.62. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52 week low of $329.51 and a 52 week high of $639.00. The firm has a market capitalization of $264.72 billion, a price-to-earnings ratio of 42.74, a P/E/G ratio of 1.40 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping 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 firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter last year, the firm posted $2.88 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research analyst reports. CICC Research began coverage on shares of Netflix in a research note on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price objective on the stock. Needham & Company LLC raised Netflix from a “hold” rating to a “buy” rating and set a $700.00 price objective on the stock in a research note on Friday, April 19th. Oppenheimer reaffirmed an “outperform” rating and set a $725.00 target price on shares of Netflix in a research note on Friday, April 19th. Sanford C. Bernstein boosted their price target on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research report on Friday, April 19th. Finally, Pivotal Research raised their price objective on shares of Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $631.15.

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.