Freestone Capital Holdings LLC Boosts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Freestone Capital Holdings LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,793 shares of the Internet television network’s stock after acquiring an additional 86 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Netflix were worth $7,838,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NFLX. Swedbank AB boosted its stake in Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after buying an additional 8,024 shares during the last quarter. Moloney Securities Asset Management LLC purchased a new stake in shares of Netflix in the 3rd quarter valued at approximately $777,000. United Advisor Group LLC increased its holdings in shares of Netflix by 23.0% during the 3rd quarter. United Advisor Group LLC now owns 839 shares of the Internet television network’s stock worth $595,000 after buying an additional 157 shares during the last quarter. Pittenger & Anderson Inc. lifted its holdings in Netflix by 30.5% in the third quarter. Pittenger & Anderson Inc. now owns 2,314 shares of the Internet television network’s stock valued at $1,641,000 after acquiring an additional 541 shares during the last quarter. Finally, Crestwood Advisors Group LLC grew its position in Netflix by 7.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,027 shares of the Internet television network’s stock worth $2,147,000 after acquiring an additional 203 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFLX has been the topic of several recent analyst reports. Loop Capital upped their price target on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Needham & Company LLC lifted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Citigroup raised their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the transaction, the chairman now owns 114 shares in the company, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock worth $279,142,041 over the last 90 days. 1.76% of the stock is currently owned by insiders.

Netflix Trading Up 1.9 %

Shares of Netflix stock opened at $990.92 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $423.87 billion, a P/E ratio of 49.97, a PEG ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The company’s fifty day moving average is $950.95 and its two-hundred day moving average is $838.65.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.11 earnings per share. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current 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.