White Pine Capital LLC Acquires 19 Shares of Netflix, Inc. (NASDAQ:NFLX)

White Pine Capital LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 560 shares of the Internet television network’s stock after buying an additional 19 shares during the quarter. White Pine Capital LLC’s holdings in Netflix were worth $499,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AMF Tjanstepension AB boosted its stake in shares of Netflix by 7.4% during the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares during the period. Creative Planning raised its holdings in Netflix by 10.8% during the 3rd quarter. Creative Planning now owns 110,551 shares of the Internet television network’s stock valued at $78,410,000 after buying an additional 10,782 shares during the last quarter. Swedbank AB boosted its position in Netflix by 1.8% during the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after buying an additional 8,024 shares during the period. Transform Wealth LLC purchased a new stake in Netflix during the 3rd quarter valued at $628,000. Finally, Fulton Breakefield Broenniman LLC grew its holdings in Netflix by 16.6% in the 3rd quarter. Fulton Breakefield Broenniman LLC now owns 15,808 shares of the Internet television network’s stock worth $11,212,000 after acquiring an additional 2,252 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $1,043.69 on Friday. The stock has a market capitalization of $446.45 billion, a PE ratio of 52.63, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The stock’s 50 day simple moving average is $924.40 and its 200 day simple moving average is $799.32. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,045.99. 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 (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $10.14 billion. During the same period in the prior year, the company posted $2.11 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NFLX shares. Guggenheim upped their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and upped their price target for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Argus increased their price objective on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Robert W. Baird boosted their target price on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating, twenty-five have given 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 a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Activity

In other news, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction on Thursday, February 6th. The stock was 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 in the last 90 days. 1.76% of the stock is currently owned by insiders.

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.