Childress Capital Advisors LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,680 shares of the Internet television network’s stock after buying an additional 31 shares during the quarter. Childress Capital Advisors LLC’s holdings in Netflix were worth $1,497,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. AMF Tjanstepension AB lifted its holdings in Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after acquiring an additional 4,701 shares during the period. Czech National Bank raised its position in shares of Netflix by 6.5% during the 3rd quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock valued at $62,008,000 after purchasing an additional 5,312 shares during the period. GAMMA Investing LLC lifted its position in shares of Netflix by 29.4% in the third quarter. GAMMA Investing LLC now owns 7,119 shares of the Internet television network’s stock valued at $5,049,000 after acquiring an additional 1,618 shares in the last quarter. Diversified Trust Co lifted its holdings in Netflix by 69.1% in the 3rd quarter. Diversified Trust Co now owns 10,635 shares of the Internet television network’s stock worth $7,544,000 after purchasing an additional 4,347 shares in the last quarter. Finally, Smith Anglin Financial LLC boosted its position in shares of Netflix by 28.4% during the third quarter. Smith Anglin Financial LLC now owns 457 shares of the Internet television network’s stock worth $324,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.
Netflix Stock Up 0.2 %
NASDAQ:NFLX opened at $978.94 on Tuesday. The company’s fifty day moving average price is $904.67 and its 200-day moving average price is $779.53. The firm has a market capitalization of $418.75 billion, a P/E ratio of 49.37, a PEG ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.
Insider Buying and Selling
In other news, CEO Gregory K. Peters sold 102,228 shares of the stock in a transaction dated Thursday, January 30th. The shares were 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 owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 246,710 shares of company stock worth $233,561,836. 1.76% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on NFLX shares. Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Loop Capital boosted their price objective on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Morgan Stanley lifted their target price on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.
Read Our Latest Research Report on NFLX
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.
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