Netflix, Inc. (NASDAQ:NFLX) Position Boosted by Rice Partnership LLC

Rice Partnership LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 26.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,767 shares of the Internet television network’s stock after purchasing an additional 2,434 shares during the period. Netflix comprises about 2.0% of Rice Partnership LLC’s investment portfolio, making the stock its 17th biggest holding. Rice Partnership LLC’s holdings in Netflix were worth $10,488,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NFLX. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the third quarter valued at approximately $25,000. Princeton Global Asset Management LLC boosted its stake in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after acquiring an additional 16 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the period. Decker Retirement Planning Inc. acquired a new position in Netflix in the fourth quarter valued at approximately $43,000. Finally, EMC Capital Management acquired a new position in shares of Netflix during the fourth quarter worth approximately $45,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NFLX shares. Wedbush reiterated an “outperform” rating and set a $1,150.00 price objective (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. UBS Group boosted their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Loop Capital boosted their target price on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, Arete Research raised Netflix to a “hold” rating in a report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity

In related news, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 105,516 shares of company stock worth $92,377,637 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.4 %

Netflix stock opened at $976.76 on Monday. The company’s fifty day simple moving average is $904.67 and its 200-day simple moving average is $779.53. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00. The stock has a market cap of $417.82 billion, a P/E ratio of 49.26, a P/E/G ratio of 2.02 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the company posted $2.11 EPS. Netflix’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

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.