Bay Rivers Group Grows Holdings in Netflix, Inc. (NASDAQ:NFLX)

Bay Rivers Group lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% during the 4th quarter, HoldingsChannel reports. The fund owned 3,559 shares of the Internet television network’s stock after purchasing an additional 50 shares during the period. Netflix accounts for 1.5% of Bay Rivers Group’s portfolio, making the stock its 25th biggest position. Bay Rivers Group’s holdings in Netflix were worth $3,172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Integrity Wealth Solutions LLC raised its position in Netflix by 38.4% during the fourth quarter. Integrity Wealth Solutions LLC now owns 717 shares of the Internet television network’s stock worth $639,000 after acquiring an additional 199 shares during the period. Nilsine Partners LLC increased its stake in shares of Netflix by 11.2% during the fourth quarter. Nilsine Partners LLC now owns 4,593 shares of the Internet television network’s stock worth $4,094,000 after purchasing an additional 463 shares in the last quarter. Berkshire Bank acquired a new position in shares of Netflix during the 4th quarter worth about $292,000. Lebenthal Global Advisors LLC lifted its stake in Netflix by 8.9% in the 4th quarter. Lebenthal Global Advisors LLC now owns 1,604 shares of the Internet television network’s stock valued at $1,430,000 after buying an additional 131 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in Netflix by 19.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 4,132 shares of the Internet television network’s stock worth $3,683,000 after buying an additional 670 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and raised their price objective for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Jefferies Financial Group raised their price target on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group upped their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Performance

NASDAQ NFLX opened at $971.89 on Tuesday. The company has a market cap of $415.44 billion, a P/E ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The stock has a 50-day moving average of $895.13 and a two-hundred day moving average of $768.18.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping 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 firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period in the prior year, the firm earned $2.11 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current year.

Insider Activity

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,117 shares of company stock worth $123,913,691. Corporate insiders own 1.76% of the company’s stock.

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.