Bell & Brown Wealth Advisors LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,200 shares of the Internet television network’s stock, valued at approximately $321,000.
Several other large investors also recently modified their holdings of the company. Rational Advisors LLC increased its holdings in Netflix by 35,769.2% in the 4th quarter. Rational Advisors LLC now owns 9,326 shares of the Internet television network’s stock worth $2,497,000 after buying an additional 9,300 shares in the last quarter. Birinyi Associates Inc. boosted its position in Netflix by 5.8% in the fourth quarter. Birinyi Associates Inc. now owns 18,350 shares of the Internet television network’s stock worth $4,912,000 after purchasing an additional 1,000 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its position in Netflix by 4.5% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 52,794 shares of the Internet television network’s stock worth $14,131,000 after purchasing an additional 2,273 shares during the last quarter. Larson Financial Group LLC purchased a new position in Netflix in the fourth quarter worth about $66,000. Finally, Corient Capital Partners LLC boosted its position in Netflix by 42.7% in the fourth quarter. Corient Capital Partners LLC now owns 1,691 shares of the Internet television network’s stock worth $453,000 after purchasing an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 79.49% of the company’s stock.
A number of research analysts have recently weighed in on NFLX shares. Sanford C. Bernstein reaffirmed a “buy” rating and set a $421.00 price objective on shares of Netflix in a research report on Tuesday, December 18th. Nomura set a $370.00 price objective on Netflix and gave the company a “neutral” rating in a research report on Monday, October 29th. BidaskClub cut Netflix from a “hold” rating to a “sell” rating in a research report on Wednesday, December 12th. JPMorgan Chase & Co. lowered their price objective on Netflix from $425.00 to $425.00 and set an “overweight” rating on the stock in a research report on Monday, January 14th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $470.00 price objective (up from $450.00) on shares of Netflix in a research report on Friday, January 18th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $376.33.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the company posted $0.41 EPS. The company’s revenue was up 27.4% compared to the same quarter last year. As a group, equities analysts forecast that Netflix, Inc. will post 4.05 earnings per share for the current year.
In other Netflix news, CEO Reed Hastings sold 67,907 shares of Netflix stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $328.17, for a total value of $22,285,040.19. Following the sale, the chief executive officer now owns 67,907 shares of the company’s stock, valued at approximately $22,285,040.19. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anne M. Sweeney sold 342 shares of Netflix stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $360.00, for a total value of $123,120.00. Following the completion of the sale, the director now directly owns 342 shares in the company, valued at approximately $123,120. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,572 shares of company stock worth $41,271,835. Corporate insiders own 4.29% of the company’s stock.
Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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