J.W. Cole Advisors Inc. Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

J.W. Cole Advisors Inc. increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,620 shares of the Internet television network’s stock after acquiring an additional 254 shares during the period. J.W. Cole Advisors Inc.’s holdings in Netflix were worth $6,792,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Nordea Investment Management AB lifted its stake in Netflix by 22.7% during the fourth 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. lifted its stake in Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after purchasing an additional 29,726 shares in the last quarter. Natixis Advisors LLC lifted its stake in Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares in the last quarter. M&T Bank Corp lifted 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 purchasing an additional 1,684 shares in the last quarter. Finally, Quilter Plc lifted its stake in Netflix by 8.2% during the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock worth $128,133,000 after purchasing an additional 10,946 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold a total of 303,809 shares of company stock valued at $290,374,484 over the last quarter. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. UBS Group increased their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Argus increased their price objective on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Finally, Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and increased their price objective for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Ten equities research 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’s stock. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Performance

NASDAQ NFLX opened at $1,058.60 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The business’s 50-day moving average price is $929.40 and its 200 day moving average price is $804.02. The firm has a market cap of $452.83 billion, a P/E ratio of 53.38, a P/E/G ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the company posted $2.11 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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.