Sequoia Financial Advisors LLC Acquires 1,758 Shares of Netflix, Inc. (NASDAQ:NFLX)

Sequoia Financial Advisors LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,074 shares of the Internet television network’s stock after purchasing an additional 1,758 shares during the period. Sequoia Financial Advisors LLC’s holdings in Netflix were worth $12,545,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Swedbank AB lifted its stake in Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Netflix by 13.3% during the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after buying an additional 198,148 shares in the last quarter. Savvy Advisors Inc. increased its holdings in shares of Netflix by 43.5% during the third quarter. Savvy Advisors Inc. now owns 953 shares of the Internet television network’s stock worth $676,000 after buying an additional 289 shares in the last quarter. Live Oak Investment Partners increased its holdings in shares of Netflix by 1.5% during the third quarter. Live Oak Investment Partners now owns 3,270 shares of the Internet television network’s stock worth $2,319,000 after buying an additional 49 shares in the last quarter. Finally, Future Fund LLC increased its holdings in shares of Netflix by 16.4% during the third quarter. Future Fund LLC now owns 2,258 shares of the Internet television network’s stock worth $1,707,000 after buying an additional 318 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NFLX. Citigroup raised their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Evercore ISI raised their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. UBS Group reaffirmed a “buy” rating on shares of Netflix in a report on Monday. Finally, Robert W. Baird raised their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,014.26.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 2.7 %

Shares of NASDAQ NFLX opened at $919.68 on Thursday. The company’s fifty day moving average is $950.23 and its 200-day moving average is $845.78. The stock has a market cap of $393.40 billion, a price-to-earnings ratio of 46.38, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $2.11 earnings per share. Equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.