Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Ellsworth Advisors LLC

Ellsworth Advisors LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,367 shares of the Internet television network’s stock after acquiring an additional 73 shares during the period. Ellsworth Advisors LLC’s holdings in Netflix were worth $666,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Kayne Anderson Rudnick Investment Management LLC boosted its position in Netflix by 13.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 197 shares of the Internet television network’s stock worth $87,000 after acquiring an additional 24 shares during the period. Tiemann Investment Advisors LLC boosted its position in Netflix by 2.0% during the 2nd quarter. Tiemann Investment Advisors LLC now owns 1,252 shares of the Internet television network’s stock worth $551,000 after acquiring an additional 25 shares during the period. Gordian Capital Singapore Pte Ltd boosted its position in Netflix by 0.3% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 9,821 shares of the Internet television network’s stock worth $4,326,000 after acquiring an additional 25 shares during the period. Key Financial Inc boosted its position in Netflix by 14.4% during the 3rd quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock worth $75,000 after acquiring an additional 25 shares during the period. Finally, Lee Financial Co boosted its position in Netflix by 18.2% during the 3rd quarter. Lee Financial Co now owns 162 shares of the Internet television network’s stock worth $61,000 after acquiring an additional 25 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NFLX. Redburn Atlantic raised their price objective on Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Loop Capital raised their price objective on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft downgraded Netflix from a “buy” rating to a “hold” rating and raised their price objective for the company from $460.00 to $525.00 in a research note on Wednesday, January 24th. Jefferies Financial Group raised their price objective on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, March 12th. Finally, Morgan Stanley raised their price objective on Netflix from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $583.18.

Netflix Price Performance

NFLX stock traded down $6.20 during trading on Thursday, hitting $607.33. The company had a trading volume of 3,706,671 shares, compared to its average volume of 4,552,830. The company has a fifty day moving average price of $581.81 and a two-hundred day moving average price of $487.70. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The company has a market cap of $262.83 billion, a P/E ratio of 50.53, a P/E/G ratio of 1.71 and a beta of 1.22. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $634.39.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.72 billion. During the same quarter in the previous year, the firm posted $0.12 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts expect that Netflix, Inc. will post 17.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 13,655 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $7,118,342. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Chairman Reed Hastings sold 25,998 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $470.51, for a total value of $12,232,318.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 13,655 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total value of $7,425,589.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The disclosure for this sale can be found here. In the last quarter, insiders sold 273,767 shares of company stock worth $151,298,232. 2.45% of the stock is currently owned by insiders.

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.