Meeder Advisory Services Inc. Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Meeder Advisory Services Inc. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,917 shares of the Internet television network’s stock after acquiring an additional 706 shares during the period. Meeder Advisory Services Inc.’s holdings in Netflix were worth $8,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Netflix by 13.3% in 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 during the last quarter. Benjamin Edwards Inc. raised its stake in shares of Netflix by 3,971.9% in the third quarter. Benjamin Edwards Inc. now owns 10,587 shares of the Internet television network’s stock valued at $7,509,000 after acquiring an additional 10,327 shares during the period. Hilltop Holdings Inc. lifted its holdings in shares of Netflix by 100.0% in the 3rd quarter. Hilltop Holdings Inc. now owns 5,555 shares of the Internet television network’s stock worth $3,940,000 after acquiring an additional 2,778 shares during the last quarter. HighVista Strategies LLC boosted its stake in shares of Netflix by 11.1% during the 3rd quarter. HighVista Strategies LLC now owns 2,000 shares of the Internet television network’s stock worth $1,419,000 after purchasing an additional 200 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Netflix by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,266,649 shares of the Internet television network’s stock valued at $898,445,000 after purchasing an additional 14,930 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Needham & Company LLC raised their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Guggenheim lifted their target price on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.02.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 102,228 shares of the firm’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 transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,583 shares of company stock valued at $279,611,567 over the last ninety days. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of NFLX stock opened at $928.38 on Wednesday. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. 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 market capitalization of $397.12 billion, a price-to-earnings ratio of 46.82, a PEG ratio of 2.12 and a beta of 1.38. The stock’s 50-day simple moving average is $974.40 and its 200-day simple moving average is $872.78.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the firm earned $2.11 EPS. Netflix’s revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.