Netflix, Inc. (NASDAQ:NFLX) Holdings Boosted by Kercheville Advisors LLC

Kercheville Advisors LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,005 shares of the Internet television network’s stock after buying an additional 865 shares during the period. Netflix comprises 4.5% of Kercheville Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Kercheville Advisors LLC’s holdings in Netflix were worth $11,592,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Enzi Wealth boosted its position in Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after acquiring an additional 11 shares during the period. TCI Wealth Advisors Inc. boosted its position in shares of Netflix by 1.6% during the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after purchasing an additional 11 shares in the last quarter. Everett Harris & Co. CA boosted its holdings in Netflix by 1.3% during the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock worth $775,000 after buying an additional 11 shares in the last quarter. Blossom Wealth Management grew its holdings in shares of Netflix by 0.9% in the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock worth $1,112,000 after acquiring an additional 11 shares during the last quarter. Finally, Advisory Resource Group increased its stake in Netflix by 0.7% in the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 1.6 %

NASDAQ NFLX opened at $1,011.11 on Thursday. 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, Inc. has a 52 week low of $542.01 and a 52 week high of $1,011.83. The stock has a market capitalization of $432.51 billion, a P/E ratio of 50.99, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. The stock has a fifty day moving average of $909.38 and a 200-day moving average of $784.44.

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 firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company earned $2.11 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and boosted their target price for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a report on Thursday, January 23rd. Finally, Macquarie increased their price objective on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research 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 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

In related news, Director Timothy M. Haley sold 647 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 291,585 shares of company stock valued at $277,777,833 over the last ninety days. 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.