Accredited Investors Inc. Invests $274,000 in Netflix, Inc. (NFLX)

Accredited Investors Inc. acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 769 shares of the Internet television network’s stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in Netflix by 59.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after buying an additional 35 shares during the last quarter. Clarfeld Financial Advisors LLC acquired a new stake in Netflix in the 4th quarter valued at approximately $27,000. Pearl River Capital LLC bought a new stake in shares of Netflix in the 4th quarter worth approximately $30,000. NuWave Investment Management LLC lifted its position in shares of Netflix by 338.5% in the 4th quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock worth $31,000 after acquiring an additional 88 shares during the period. Finally, Citizens Financial Group Inc RI lifted its position in shares of Netflix by 750.0% in the 4th quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 120 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on the company. Credit Suisse Group reiterated a “buy” rating and issued a $440.00 price objective on shares of Netflix in a research report on Wednesday, April 3rd. UBS Group assumed coverage on Netflix in a research report on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 price objective for the company. Rosenblatt Securities assumed coverage on Netflix in a research report on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 price objective for the company. Royal Bank of Canada reiterated a “buy” rating and issued a $480.00 price objective on shares of Netflix in a research report on Wednesday, March 20th. Finally, BidaskClub downgraded Netflix from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $383.30.

In other news, CEO Reed Hastings sold 67,907 shares of Netflix stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $328.17, for a total value of $22,285,040.19. Following the completion of the sale, the chief executive officer now directly owns 67,907 shares of the company’s stock, valued at approximately $22,285,040.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne M. Sweeney sold 7,607 shares of Netflix stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $360.00, for a total value of $2,738,520.00. Following the completion of the sale, the director now directly owns 444 shares of the company’s stock, valued at $159,840. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,381 shares of company stock valued at $64,721,327. Corporate insiders own 4.29% of the company’s stock.

NFLX traded up $1.62 during trading on Wednesday, hitting $361.08. The company’s stock had a trading volume of 10,350,078 shares, compared to its average volume of 7,023,976. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.49 and a current ratio of 1.49. Netflix, Inc. has a 12 month low of $231.23 and a 12 month high of $423.21. The company has a market cap of $152.32 billion, a price-to-earnings ratio of 134.73, a PEG ratio of 2.92 and a beta of 1.36.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.19. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the previous year, the company posted $0.64 EPS. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 3.98 EPS for the current fiscal year.

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Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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