Rhumbline Advisers Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Rhumbline Advisers raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 804,795 shares of the Internet television network’s stock after acquiring an additional 13,070 shares during the period. Netflix makes up 0.6% of Rhumbline Advisers’ investment portfolio, making the stock its 19th largest position. Rhumbline Advisers’ holdings in Netflix were worth $717,330,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC grew its stake in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix in the third quarter valued at $25,000. Newton One Investments LLC bought a new stake in shares of Netflix during the 4th quarter valued at $34,000. Pineridge Advisors LLC lifted its holdings in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its holdings in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 303,809 shares of company stock worth $290,374,484. 1.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NFLX. Wedbush reiterated an “outperform” rating and set a $1,150.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Finally, Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Ten investment 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 stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Trading Up 1.4 %

Shares of NFLX opened at $1,058.60 on Friday. The stock has a market capitalization of $452.83 billion, a P/E ratio of 53.38, a PEG ratio of 2.11 and a beta of 1.27. 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. The firm has a fifty day simple moving average of $926.92 and a two-hundred day simple moving average of $801.02.

Netflix (NASDAQ:NFLX) last posted its 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 during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.11 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.