Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 136.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,455 shares of the Internet television network’s stock after acquiring an additional 5,463 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Netflix were worth $8,427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the third quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of Netflix during the fourth quarter valued at $43,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix during the third quarter valued at $37,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Netflix in the 3rd quarter valued at $38,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.9 %

NASDAQ NFLX opened at $858.10 on Tuesday. Netflix, Inc. has a twelve month low of $476.06 and a twelve month high of $941.75. The stock has a market cap of $366.80 billion, a PE ratio of 48.56, a PEG ratio of 1.40 and a beta of 1.27. The firm has a 50-day simple moving average of $885.64 and a 200 day simple moving average of $760.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NFLX shares. Evercore ISI boosted their price objective on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Wells Fargo & Company boosted their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $680.00 price objective on shares of Netflix in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $845.06.

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.