Evoke Wealth LLC Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Evoke Wealth LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,144 shares of the Internet television network’s stock after buying an additional 46 shares during the quarter. Evoke Wealth LLC’s holdings in Netflix were worth $3,694,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. Swedbank AB lifted its holdings in shares of Netflix by 1.8% during the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after acquiring an additional 8,024 shares during the period. Principal Financial Group Inc. increased its stake in Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after buying an additional 198,148 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Netflix by 6.6% in the third quarter. Thrivent Financial for Lutherans now owns 70,276 shares of the Internet television network’s stock valued at $49,844,000 after purchasing an additional 4,348 shares during the last quarter. Aljian Capital Management LLC grew its position in shares of Netflix by 6.2% during the third quarter. Aljian Capital Management LLC now owns 8,347 shares of the Internet television network’s stock worth $5,920,000 after buying an additional 489 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of Netflix by 5.6% in the 3rd quarter. MAI Capital Management now owns 60,265 shares of the Internet television network’s stock worth $42,744,000 after purchasing an additional 3,208 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 3.5 %

NASDAQ:NFLX opened at $950.02 on Tuesday. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company’s 50-day simple moving average is $952.40 and its 200 day simple moving average is $851.72. The firm has a market capitalization of $406.38 billion, a P/E ratio of 47.91, a PEG ratio of 2.12 and a beta of 1.38. 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 (NASDAQ:NFLX) last released its quarterly earnings data 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. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.11 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on NFLX shares. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. The Goldman Sachs Group raised their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Morgan Stanley upped their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Finally, Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and raised their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,016.78.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 102,228 shares of the company’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 completion of the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 35,868 shares of Netflix stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock worth $279,142,041 in the last three months. Corporate insiders own 1.76% of the company’s stock.

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.