Mayflower Financial Advisors LLC Has $881,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

Mayflower Financial Advisors LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 60.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 988 shares of the Internet television network’s stock after purchasing an additional 371 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Netflix were worth $881,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BSW Wealth Partners boosted its holdings in Netflix by 6.5% during the fourth quarter. BSW Wealth Partners now owns 1,562 shares of the Internet television network’s stock valued at $1,392,000 after purchasing an additional 96 shares in the last quarter. Bensler LLC lifted its position in shares of Netflix by 2.3% during the 4th quarter. Bensler LLC now owns 16,267 shares of the Internet television network’s stock worth $14,499,000 after buying an additional 372 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in Netflix by 3.6% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,510 shares of the Internet television network’s stock valued at $1,346,000 after buying an additional 53 shares in the last quarter. Aspire Capital Advisors LLC bought a new stake in Netflix in the fourth quarter valued at $213,000. Finally, Prospect Financial Services LLC grew its position in Netflix by 7.9% in the fourth quarter. Prospect Financial Services LLC now owns 631 shares of the Internet television network’s stock valued at $562,000 after acquiring an additional 46 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Activity

In other Netflix news, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock worth $123,913,691 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group upped their price objective on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Bank of America lifted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley raised their price target on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Price Performance

Shares of NFLX opened at $971.83 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The firm has a market capitalization of $415.42 billion, a PE ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27. The stock has a 50 day simple moving average of $897.63 and a 200 day simple moving average of $770.43. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.11 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

About Netflix

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.