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

Cassia Capital Partners LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,278 shares of the Internet television network’s stock after acquiring an additional 101 shares during the period. Netflix accounts for about 0.7% of Cassia Capital Partners LLC’s investment portfolio, making the stock its 21st largest holding. Cassia Capital Partners LLC’s holdings in Netflix were worth $1,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Nordea Investment Management AB grew its stake in shares of Netflix by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after buying an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. boosted 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 during the last quarter. Natixis Advisors LLC grew its position in Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after acquiring an additional 11,921 shares during the period. M&T Bank Corp increased its stake in Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after acquiring an additional 1,684 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Netflix in the 3rd quarter worth about $1,517,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $994.87 on Wednesday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,008.00. The company has a market cap of $425.57 billion, a PE ratio of 50.17, a P/E/G ratio of 2.02 and a beta of 1.27. The stock has a 50 day simple moving average of $906.93 and a 200-day simple moving average of $781.90. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.11 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research reports. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Evercore ISI raised their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Oppenheimer upped their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 281,026 shares of company stock valued at $267,211,135. Company insiders own 1.76% of the company’s stock.

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.