Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Leavell Investment Management Inc.

Leavell Investment Management Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 658 shares of the Internet television network’s stock after acquiring an additional 36 shares during the period. Leavell Investment Management Inc.’s holdings in Netflix were worth $586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. Newton One Investments LLC acquired a new position in Netflix during the fourth quarter worth about $34,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix in the third quarter valued at approximately $37,000. Finally, Pineridge Advisors LLC raised its position in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NFLX shares. Guggenheim boosted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a research report on Thursday, January 23rd. TD Cowen boosted their price objective on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Finally, Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Trading Up 1.6 %

NFLX opened at $1,043.69 on Friday. The stock has a market capitalization of $446.45 billion, a PE ratio of 52.63, a P/E/G ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,045.99. The firm’s fifty day moving average price is $924.40 and its 200 day moving average price is $799.32. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.11 earnings per share. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 303,809 shares of company stock valued at $290,374,484. Company insiders own 1.76% of the company’s stock.

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.