D L Carlson Investment Group Inc. Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

D L Carlson Investment Group Inc. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,039 shares of the Internet television network’s stock after purchasing an additional 225 shares during the quarter. Netflix comprises about 1.0% of D L Carlson Investment Group Inc.’s holdings, making the stock its 26th largest position. D L Carlson Investment Group Inc.’s holdings in Netflix were worth $5,383,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Axiom Investors LLC DE increased its position in shares of Netflix by 22.9% during the fourth quarter. Axiom Investors LLC DE now owns 894,909 shares of the Internet television network’s stock valued at $797,650,000 after buying an additional 166,933 shares during the period. AIA Group Ltd grew its stake in Netflix by 2.5% during the fourth quarter. AIA Group Ltd now owns 23,394 shares of the Internet television network’s stock valued at $20,852,000 after acquiring an additional 568 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in Netflix by 36.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,021 shares of the Internet television network’s stock worth $908,000 after acquiring an additional 271 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in Netflix by 12.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 56,035 shares of the Internet television network’s stock worth $49,945,000 after purchasing an additional 6,100 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in Netflix in the 4th quarter valued at $176,000. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 288,583 shares of company stock valued at $279,611,567. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent analyst reports. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Arete Research raised Netflix to a “hold” rating in a report on Thursday, January 23rd. Wedbush reissued an “outperform” rating and set a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and raised their target price for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Finally, Needham & Company LLC boosted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,021.02.

Netflix Price Performance

NFLX opened at $933.85 on Monday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a market cap of $399.46 billion, a price-to-earnings ratio of 47.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $971.74 and a two-hundred day simple moving average of $869.42.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the company earned $2.11 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.