Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Quent Capital LLC

Quent Capital LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,249 shares of the Internet television network’s stock after buying an additional 41 shares during the quarter. Quent Capital LLC’s holdings in Netflix were worth $2,005,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AMF Tjanstepension AB grew its stake in Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after acquiring an additional 4,701 shares during the period. Empirical Asset Management LLC purchased a new position in Netflix during the third quarter valued at $816,000. Wesbanco Bank Inc. grew its position in shares of Netflix by 12.0% in the third quarter. Wesbanco Bank Inc. now owns 8,979 shares of the Internet television network’s stock valued at $6,369,000 after purchasing an additional 964 shares during the period. Creative Planning increased its stake in shares of Netflix by 10.8% during the third quarter. Creative Planning now owns 110,551 shares of the Internet television network’s stock worth $78,410,000 after purchasing an additional 10,782 shares in the last quarter. Finally, Swedbank AB raised its position in shares of Netflix by 1.8% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 2,682 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 303,809 shares of company stock worth $290,374,484 over the last three months. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Robert W. Baird lifted their price target on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Evercore ISI raised their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Phillip Securities lowered shares of Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Down 1.9 %

Netflix stock opened at $1,008.08 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a 50 day moving average price of $919.96 and a 200 day moving average price of $795.06. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,032.85. The company has a market capitalization of $431.22 billion, a PE ratio of 50.84, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share 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.