Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Apella Capital LLC

Apella Capital LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,071 shares of the Internet television network’s stock after purchasing an additional 17 shares during the quarter. Apella Capital LLC’s holdings in Netflix were worth $955,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NFLX. International Assets Investment Management LLC raised its stake in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after acquiring an additional 642,920 shares during the last quarter. State Street Corp lifted its holdings in shares of Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after purchasing an additional 426,740 shares in the last quarter. Jennison Associates LLC grew its position in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Netflix during the 3rd quarter worth approximately $222,871,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 2.4 %

NASDAQ NFLX opened at $848.26 on Thursday. The stock has a market cap of $362.60 billion, a P/E ratio of 48.01, a PEG ratio of 1.77 and a beta of 1.27. The company’s fifty day simple moving average is $881.04 and its 200-day simple moving average is $755.96. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Equities research analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. This represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on NFLX shares. Evercore ISI increased their target price on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Rosenblatt Securities increased their price objective on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Morgan Stanley boosted their target price on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Needham & Company LLC lifted their price target on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Wolfe Research reissued an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $845.82.

Netflix Company 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.