Netflix, Inc. (NFLX) Holdings Boosted by Cetera Advisors LLC

Cetera Advisors LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 50.8% during the fourth quarter, HoldingsChannel reports. The firm owned 13,028 shares of the Internet television network’s stock after acquiring an additional 4,390 shares during the period. Cetera Advisors LLC’s holdings in Netflix were worth $2,509,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Duncker Streett & Co. Inc. boosted its stake in Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares in the last quarter. Murphy Capital Management Inc. lifted its stake in shares of Netflix by 5.4% during the fourth quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock valued at $828,000 after acquiring an additional 220 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Netflix by 0.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 31,480 shares of the Internet television network’s stock valued at $6,043,000 after acquiring an additional 235 shares during the period. Covenant Asset Management LLC lifted its stake in shares of Netflix by 1.6% during the fourth quarter. Covenant Asset Management LLC now owns 15,373 shares of the Internet television network’s stock valued at $2,951,000 after acquiring an additional 238 shares during the period. Finally, BB&T Corp lifted its stake in shares of Netflix by 6.9% during the fourth quarter. BB&T Corp now owns 4,122 shares of the Internet television network’s stock valued at $792,000 after acquiring an additional 265 shares during the period. 82.38% of the stock is currently owned by institutional investors.

In related news, insider Theodore A. Sarandos sold 163,747 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the completion of the transaction, the insider now directly owns 23,953 shares of the company’s stock, valued at $6,297,483.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan Friedland sold 2,743 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $205.59, for a total value of $563,933.37. Following the transaction, the insider now directly owns 1,147 shares of the company’s stock, valued at $235,811.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 469,901 shares of company stock valued at $107,797,603. 4.90% of the stock is owned by corporate insiders.

Netflix, Inc. (NFLX) opened at $266.00 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $112,075.85, a PE ratio of 206.62, a P/E/G ratio of 3.61 and a beta of 1.04. Netflix, Inc. has a fifty-two week low of $138.26 and a fifty-two week high of $286.81.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. Netflix’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. analysts anticipate that Netflix, Inc. will post 2.69 EPS for the current year.

Several equities analysts have recently issued reports on NFLX shares. Morgan Stanley reaffirmed an “overweight” rating and set a $255.00 price target (up previously from $235.00) on shares of Netflix in a research note on Thursday, January 18th. SunTrust Banks set a $270.00 price target on Netflix and gave the company a “hold” rating in a research note on Wednesday. Loop Capital reaffirmed a “buy” rating and set a $237.00 price target on shares of Netflix in a research note on Wednesday, December 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $280.00 price target (up previously from $225.00) on shares of Netflix in a research note on Tuesday, January 23rd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $250.00 price target (up previously from $230.00) on shares of Netflix in a research note on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $239.39.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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