BLB&B Advisors LLC Purchases 24 Shares of Netflix, Inc. (NASDAQ:NFLX)

BLB&B Advisors LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,748 shares of the Internet television network’s stock after acquiring an additional 24 shares during the quarter. BLB&B Advisors LLC’s holdings in Netflix were worth $1,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB raised its holdings 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 buying an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 acquiring an additional 29,726 shares in the last quarter. Natixis Advisors LLC raised its holdings 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 worth $434,398,000 after acquiring an additional 11,921 shares during the last quarter. M&T Bank Corp lifted its position in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after acquiring an additional 1,684 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Netflix during the 3rd quarter valued at about $1,517,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Netflix stock opened at $1,013.93 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,027.76. The firm has a market capitalization of $433.72 billion, a P/E ratio of 51.13, a PEG ratio of 2.02 and a beta of 1.27. The business has a fifty day moving average price of $914.82 and a 200-day moving average price of $787.62.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business 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 firm’s revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 299,517 shares of company stock valued at $285,805,037. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NFLX. UBS Group increased their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company raised their price objective on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and increased their target price for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Finally, TD Cowen boosted their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Ten 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

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.