Worth Asset Management LLC Boosts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Worth Asset Management LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 210.3% in the fourth quarter, HoldingsChannel reports. The fund owned 3,094 shares of the Internet television network’s stock after purchasing an additional 2,097 shares during the quarter. Netflix makes up 1.5% of Worth Asset Management LLC’s portfolio, making the stock its 14th largest position. Worth Asset Management LLC’s holdings in Netflix were worth $2,758,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. DigitalBridge Group Inc. lifted its stake in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after buying an additional 9,451 shares in the last quarter. Nordea Investment Management AB grew its stake in Netflix by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after acquiring an additional 29,726 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after buying an additional 11,921 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after buying an additional 1,684 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 0.3 %

Shares of NASDAQ NFLX traded down $2.83 during midday trading on Wednesday, reaching $876.36. The stock had a trading volume of 1,128,398 shares, compared to its average volume of 2,490,498. The company’s 50 day moving average price is $871.62 and its 200 day moving average price is $749.78. Netflix, Inc. has a twelve month low of $472.95 and a twelve month high of $941.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $374.61 billion, a price-to-earnings ratio of 49.60, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. As a group, sell-side analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of several analyst reports. Wedbush reiterated an “outperform” rating and issued a $950.00 target price (up from $800.00) on shares of Netflix in a research note on Monday, November 18th. JPMorgan Chase & Co. boosted their price objective on shares of Netflix from $850.00 to $1,010.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Morgan Stanley increased their target price on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Needham & Company LLC raised their target price on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group lifted their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $824.30.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the transaction, the chairman now directly owns 114 shares in the company, valued at $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. The trade was a 24.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 150,761 shares of company stock worth $125,713,484 in the last quarter. 1.76% of the stock is currently owned by company 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.