EverSource Wealth Advisors LLC Has $3.96 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

EverSource Wealth Advisors LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,445 shares of the Internet television network’s stock after purchasing an additional 65 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Netflix were worth $3,962,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NFLX. 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 worth $760,918,000 after acquiring an additional 156,958 shares in the last quarter. Haven Private LLC bought a new position in Netflix during the fourth quarter worth about $733,000. Charles Schwab Investment Management Inc. raised its stake 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 buying an additional 29,726 shares during the period. Sigma Planning Corp lifted its position in shares of Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after buying an additional 386 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after acquiring an additional 11,921 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 30,485 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the sale, the chairman now owns 394 shares of the company’s stock, valued at approximately $386,876.48. This represents a 98.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the completion of the sale, the chief financial officer now owns 3,691 shares in the company, valued at $3,624,746.55. This represents a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock valued at $279,142,041 over the last three months. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NFLX. JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Citigroup lifted their target price on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Wedbush restated an “outperform” rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. The Goldman Sachs Group lifted 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. Finally, Oppenheimer lifted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,014.26.

Netflix Trading Up 3.3 %

Shares of NFLX opened at $895.10 on Wednesday. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The business has a 50-day moving average of $949.66 and a 200 day moving average of $845.26. The firm has a market cap of $382.89 billion, a P/E ratio of 45.14, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

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

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.