KLCM Advisors Inc. Acquires New Position in Netflix, Inc. (NASDAQ:NFLX)

KLCM Advisors Inc. acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,638 shares of the Internet television network’s stock, valued at approximately $797,000.

A number of other hedge funds also recently made changes to their positions in NFLX. Fairfield Bush & CO. lifted its holdings in Netflix by 26.5% in the 1st quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock worth $916,000 after purchasing an additional 512 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Netflix by 21.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock worth $179,820,000 after purchasing an additional 84,179 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Netflix by 14.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock worth $1,094,000 after purchasing an additional 363 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in Netflix by 6.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock worth $13,610,000 after purchasing an additional 2,358 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in Netflix by 13.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock worth $1,426,000 after purchasing an additional 441 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Down 0.9 %

Shares of NFLX traded down $5.77 during midday trading on Wednesday, reaching $611.75. 1,759,713 shares of the stock were exchanged, compared to its average volume of 4,219,080. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average is $603.65 and its two-hundred day moving average is $510.44. The company has a market capitalization of $264.74 billion, a P/E ratio of 51.23, a PEG ratio of 1.64 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same period in the previous year, the company posted $0.12 EPS. Netflix’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Netflix, Inc. will post 17.03 earnings per share for the current year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at $717,379.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock worth $151,619,811 in the last three months. 2.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NFLX shares. Citigroup boosted their price target on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a report on Monday, March 25th. Morgan Stanley boosted their price target on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Wells Fargo & Company upped their price objective on Netflix from $460.00 to $650.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. TD Cowen upped their price objective on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Barclays upped their price objective on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $603.48.

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.