Pittenger & Anderson Inc. Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Pittenger & Anderson Inc. grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 164.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,526 shares of the Internet television network’s stock after buying an additional 950 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Netflix were worth $743,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Columbia Trust Co 01012016 lifted its holdings in Netflix by 15.3% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after purchasing an additional 208 shares in the last quarter. Crumly & Associates Inc. boosted its holdings in Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after buying an additional 83 shares during the last quarter. Venture Visionary Partners LLC increased its stake in Netflix by 15.4% during the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after buying an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Netflix by 142.6% during the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after acquiring an additional 392,427 shares during the last quarter. Finally, Sandy Cove Advisors LLC lifted its position in shares of Netflix by 10.6% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after acquiring an additional 114 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 160,106 shares of company stock valued at $92,729,716. 2.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Canaccord Genuity Group reissued a “hold” rating and issued a $585.00 price objective (down from $720.00) on shares of Netflix in a research note on Friday, April 19th. Seaport Res Ptn downgraded shares of Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Pivotal Research increased their price objective on shares of Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 19th. The Goldman Sachs Group boosted their target price on Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Robert W. Baird increased their price target on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Netflix Stock Up 1.7 %

Shares of NASDAQ NFLX traded up $9.68 during mid-day trading on Thursday, hitting $564.80. The company had a trading volume of 3,715,722 shares, compared to its average volume of 4,517,957. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The company has a market capitalization of $243.37 billion, a PE ratio of 39.13, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. The business’s 50-day simple moving average is $605.56 and its 200 day simple moving average is $517.91.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.88 EPS. On average, analysts predict that Netflix, Inc. will post 18.09 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.