US Asset Management LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

US Asset Management LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,337 shares of the Internet television network’s stock, valued at approximately $651,000.

Several other large investors have also made changes to their positions in NFLX. Wealthspire Advisors LLC increased its position in Netflix by 4.7% during the fourth quarter. Wealthspire Advisors LLC now owns 5,469 shares of the Internet television network’s stock worth $2,663,000 after buying an additional 247 shares during the last quarter. Catalyst Financial Partners LLC increased its holdings in shares of Netflix by 9.2% during the 4th quarter. Catalyst Financial Partners LLC now owns 1,370 shares of the Internet television network’s stock valued at $667,000 after acquiring an additional 115 shares during the last quarter. National Pension Service lifted its holdings in Netflix by 2.0% in the 4th quarter. National Pension Service now owns 757,985 shares of the Internet television network’s stock worth $369,048,000 after purchasing an additional 14,840 shares during the last quarter. Bogart Wealth LLC boosted its position in Netflix by 8.3% during the fourth quarter. Bogart Wealth LLC now owns 20,357 shares of the Internet television network’s stock worth $9,911,000 after purchasing an additional 1,561 shares during the period. Finally, Cullen Frost Bankers Inc. grew its holdings in Netflix by 3.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 24,242 shares of the Internet television network’s stock valued at $11,803,000 after purchasing an additional 727 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research analyst reports. Guggenheim raised their target price on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Sanford C. Bernstein increased their target price on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. Wells Fargo & Company lifted their price target on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Macquarie increased their price objective on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Finally, Wedbush restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $631.15.

Netflix Stock Down 0.3 %

NFLX stock traded down $1.95 during midday trading on Friday, hitting $610.14. The company’s stock had a trading volume of 1,589,584 shares, compared to its average volume of 4,346,991. The company’s fifty day moving average price is $603.29 and its 200 day moving average price is $532.72. Netflix, Inc. has a twelve month low of $329.61 and a twelve month high of $639.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $262.95 billion, a P/E ratio of 42.30, a PEG ratio of 1.40 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating 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 net margin of 18.42% and a return on equity of 29.62%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.88 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 18.3 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were 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 at this link. In other Netflix news, insider David A. Hyman sold 268 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 77,475 shares of company stock valued at $46,055,306 over the last 90 days. 1.76% of the stock is currently owned by insiders.

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.