IFP Advisors Inc Acquires 792 Shares of Netflix, Inc. (NASDAQ:NFLX)

IFP Advisors Inc increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,589 shares of the Internet television network’s stock after acquiring an additional 792 shares during the quarter. IFP Advisors Inc’s holdings in Netflix were worth $4,091,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. State Street Corp increased its stake in shares of 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 purchasing an additional 426,740 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in Netflix by 112,896.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock valued at $340,420,000 after buying an additional 381,590 shares in the last quarter. Jennison Associates LLC grew its position in Netflix by 4.7% in the third 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 last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Netflix in the 3rd quarter valued at approximately $222,871,000. Finally, AustralianSuper Pty Ltd grew its holdings in shares of Netflix by 12,243.4% during the 3rd quarter. AustralianSuper Pty Ltd now owns 290,071 shares of the Internet television network’s stock valued at $205,739,000 after purchasing an additional 287,721 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 303,220 shares of company stock worth $289,856,164 in the last three months. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of several research reports. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded 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. Needham & Company LLC boosted their price objective on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Pivotal Research lifted their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Performance

Shares of NFLX stock opened at $988.47 on Tuesday. The firm has a 50 day moving average of $941.89 and a 200-day moving average of $823.89. The company has a market cap of $422.82 billion, a price-to-earnings ratio of 49.85, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the company posted $2.11 earnings per share. The business’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current 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.