Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Copperwynd Financial LLC

Copperwynd Financial LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 77.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,150 shares of the Internet television network’s stock after purchasing an additional 1,372 shares during the period. Netflix makes up approximately 0.8% of Copperwynd Financial LLC’s holdings, making the stock its 24th biggest position. Copperwynd Financial LLC’s holdings in Netflix were worth $2,808,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of Netflix by 22.7% in 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 acquiring an additional 156,958 shares in the last quarter. Haven Private LLC purchased a new stake in shares of Netflix in the 4th quarter valued at approximately $733,000. Charles Schwab Investment Management Inc. lifted its position in shares of Netflix by 1.2% in the 3rd 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 in the last quarter. Sigma Planning Corp lifted its position in shares of Netflix by 7.4% in the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after acquiring an additional 386 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Netflix by 2.0% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 30,485 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total value of $29,933,831.20. Following the completion of the transaction, the chairman now directly owns 394 shares of the company’s stock, valued at approximately $386,876.48. The trade was a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is currently owned by company insiders.

Netflix Price Performance

Shares of NFLX stock opened at $918.00 on Friday. The stock has a 50 day moving average of $951.04 and a two-hundred day moving average of $847.68. 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, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a market capitalization of $392.68 billion, a P/E ratio of 46.29, a P/E/G ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 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 company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company earned $2.11 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NFLX. KeyCorp upped their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a report on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating and issued a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. upped their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Ten 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.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,014.26.

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.