Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Grimes & Company Inc.

Grimes & Company Inc. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 362 shares of the Internet television network’s stock after buying an additional 17 shares during the period. Grimes & Company Inc.’s holdings in Netflix were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC increased its position in Netflix by 4.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,343 shares of the Internet television network’s stock worth $5,654,000 after purchasing an additional 269 shares during the last quarter. Cyndeo Wealth Partners LLC increased its holdings in shares of Netflix by 6.4% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 1,842 shares of the Internet television network’s stock worth $1,642,000 after buying an additional 111 shares during the last quarter. Legacy Wealth Management Inc purchased a new position in shares of Netflix in the 4th quarter worth $217,000. Accel Wealth Management acquired a new position in Netflix in the fourth quarter valued at $219,000. Finally, Fifth Third Bancorp grew its position in Netflix by 2.9% during the fourth quarter. Fifth Third Bancorp now owns 84,456 shares of the Internet television network’s stock valued at $75,277,000 after acquiring an additional 2,351 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 0.7 %

NFLX opened at $977.59 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The company has a market capitalization of $417.88 billion, a PE ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27. The stock’s fifty day moving average is $895.13 and its 200-day moving average is $767.55. Netflix, Inc. has a one year low of $542.01 and a one year high of $999.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.11 EPS. On average, equities analysts predict that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock valued at $123,913,691 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Macquarie lifted their price objective on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Guggenheim boosted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Wedbush reaffirmed an “outperform” rating and set a $1,150.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Pivotal Research raised their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,021.70.

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.