Benjamin F. Edwards & Company Inc. Has $3.21 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Benjamin F. Edwards & Company Inc. lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 82.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,598 shares of the Internet television network’s stock after buying an additional 2,989 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Netflix were worth $3,212,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Authentikos Wealth Advisory LLC bought a new stake in shares of Netflix in the third quarter worth $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Netflix in the third quarter worth $26,000. Carmel Capital Partners LLC grew its stake in shares of Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new stake in Netflix during the fourth quarter valued at $41,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The disclosure for this sale can be found here. Insiders have sold 152,833 shares of company stock valued at $88,270,051 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley upped their price target on shares of Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Macquarie upped their price objective on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. UBS Group upped their price objective on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Redburn Atlantic upped their price objective on shares of Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, Pivotal Research upped their price objective on shares of Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $631.15.

Netflix Price Performance

NFLX opened at $579.34 on Friday. The company has a market capitalization of $249.67 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 1.40 and a beta of 1.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $602.57 and a 200-day moving average price of $526.33. Netflix, Inc. has a twelve month low of $317.95 and a twelve month high of $639.00.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the previous year, the firm posted $2.88 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities analysts expect that Netflix, Inc. will post 18.3 EPS 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.