RMR Wealth Builders Raises Position in Netflix, Inc. (NASDAQ:NFLX)

RMR Wealth Builders boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,863 shares of the Internet television network’s stock after purchasing an additional 221 shares during the quarter. RMR Wealth Builders’ holdings in Netflix were worth $4,335,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after acquiring an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. grew its holdings in Netflix by 154.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after buying an additional 642,920 shares during the period. State Street Corp boosted its holdings in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the last quarter. Jennison Associates LLC grew its stake in Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after buying an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Netflix during the 3rd quarter valued at about $222,871,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 4.3 %

Shares of NASDAQ NFLX traded down $37.31 during trading hours on Friday, hitting $837.69. The company had a trading volume of 4,778,715 shares, compared to its average volume of 3,083,933. Netflix, Inc. has a 1-year low of $475.26 and a 1-year high of $941.75. The stock has a market capitalization of $358.08 billion, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The firm’s 50 day moving average is $876.43 and its 200-day moving average is $751.52. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, 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 completion of the sale, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock worth $131,030,268 over the last ninety days. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on NFLX shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $825.00 price target (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Benchmark upped their price target on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. UBS Group increased their price target on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Macquarie restated an “outperform” rating and issued a $795.00 target price on shares of Netflix in a research report on Friday, October 18th. Finally, Oppenheimer boosted their target price on Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $824.00.

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.