Compass Capital Corp MA ADV Buys New Stake in Netflix, Inc. (NASDAQ:NFLX)

Compass Capital Corp MA ADV bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,432 shares of the Internet television network’s stock, valued at approximately $1,248,000.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp increased its position in Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the period. Geode Capital Management LLC increased its position in Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after acquiring an additional 123,029 shares during the period. Jennison Associates LLC increased its position in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares during the period. International Assets Investment Management LLC boosted its stake in Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Netflix by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after purchasing an additional 23,702 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NFLX shares. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and increased their price target for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Needham & Company LLC increased their price target on Netflix from $800.00 to $1,150.00 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 increased their price target for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Macquarie increased their price target on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Ten equities 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity

In other news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 2,682 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Insiders sold 303,220 shares of company stock valued at $289,856,164 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NFLX opened at $1,024.54 on Friday. The company has a fifty day moving average price of $938.86 and a two-hundred day moving average price of $815.63. 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 $1,064.50. The firm has a market capitalization of $438.26 billion, a PE ratio of 51.67, a P/E/G ratio of 2.16 and a beta of 1.27.

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 the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business earned $2.11 EPS. The firm’s revenue was up 16.0% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.