Horizon Kinetics Asset Management LLC Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

Horizon Kinetics Asset Management LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 386 shares of the Internet television network’s stock after buying an additional 11 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Netflix were worth $344,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at $25,000. Pathway Financial Advisers LLC increased its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC bought a new stake in Netflix in the fourth quarter worth about $34,000. MidAtlantic Capital Management Inc. purchased a new position in Netflix in the third quarter valued at about $37,000. Finally, Pineridge Advisors LLC grew its position in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after acquiring an additional 40 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

Shares of Netflix stock opened at $950.02 on Tuesday. The company’s fifty day simple moving average is $952.40 and its two-hundred day simple moving average is $851.72. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The firm has a market cap of $406.38 billion, a PE ratio of 47.91, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. 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 posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 38.32% and a net margin of 22.34%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $2.11 earnings per share. As a group, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group reaffirmed a “buy” rating on shares of Netflix in a report on Monday, March 10th. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and upped their price target for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Macquarie lifted their price objective on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Morgan Stanley upped their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Bank of America lifted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,016.78.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 30,485 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the transaction, the chairman now owns 394 shares in the company, valued at approximately $386,876.48. This represents a 98.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock worth $279,142,041 over the last quarter. 1.76% of the stock is owned by corporate insiders.

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.