Knuff & Co LLC Has $9.35 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Knuff & Co LLC reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,211 shares of the Internet television network’s stock after selling 130 shares during the quarter. Netflix accounts for approximately 3.4% of Knuff & Co LLC’s holdings, making the stock its 5th biggest position. Knuff & Co LLC’s holdings in Netflix were worth $9,353,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NFLX. Authentikos Wealth Advisory LLC purchased a new position in shares of Netflix during the 3rd quarter valued at about $25,000. Spartan Planning & Wealth Management purchased a new position in Netflix in the 3rd quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC lifted its holdings in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares in the last quarter. Carmel Capital Partners LLC lifted its holdings in Netflix by 290.0% in the 3rd 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 in the last quarter. Finally, Pacifica Partners Inc. purchased a new position in Netflix in the 4th quarter worth approximately $41,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 2.5 %

NFLX traded up $14.19 on Friday, hitting $579.34. 3,307,524 shares of the company were exchanged, compared to its average volume of 4,520,712. Netflix, Inc. has a twelve month low of $317.95 and a twelve month high of $639.00. The company has a market cap of $249.67 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The company has a current ratio of 1.07, a quick 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 two-hundred day moving average price of $526.33.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.88 EPS. On average, equities analysts predict that Netflix, Inc. will post 18.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. CICC Research initiated coverage on Netflix in a research report on Thursday. They set an “outperform” rating and a $650.00 target price on the stock. Guggenheim boosted their target price on Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. BMO Capital Markets reissued an “outperform” rating and set a $713.00 target price (up previously from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $585.00 price objective (down previously from $720.00) on shares of Netflix in a research report on Friday, April 19th. Finally, Sanford C. Bernstein upped their price objective on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $631.15.

Insiders Place Their Bets

In other news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The disclosure for this sale can be found here. Insiders sold 152,833 shares of company stock valued at $88,270,051 in the last ninety days. 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.