Ritholtz Wealth Management Purchases 227 Shares of Netflix, Inc. (NASDAQ:NFLX)

Ritholtz Wealth Management grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,917 shares of the Internet television network’s stock after buying an additional 227 shares during the period. Ritholtz Wealth Management’s holdings in Netflix were worth $2,394,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Netflix during the 4th quarter worth approximately $1,501,762,000. Moneta Group Investment Advisors LLC grew its position in Netflix by 117,939.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock valued at $808,575,000 after buying an additional 2,739,725 shares during the last quarter. Alliancebernstein L.P. raised its position in Netflix by 202.7% in the second quarter. Alliancebernstein L.P. now owns 1,790,092 shares of the Internet television network’s stock worth $788,518,000 after acquiring an additional 1,198,774 shares in the last quarter. Barclays PLC boosted its stake in shares of Netflix by 113.1% during the 2nd quarter. Barclays PLC now owns 1,869,385 shares of the Internet television network’s stock worth $823,446,000 after acquiring an additional 992,193 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Netflix by 24.3% in the third quarter. Jennison Associates LLC now owns 3,878,293 shares of the Internet television network’s stock valued at $1,464,444,000 after purchasing an additional 759,378 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Down 1.0 %

Shares of NFLX traded down $6.20 during trading hours on Thursday, reaching $607.33. The stock had a trading volume of 3,706,671 shares, compared to its average volume of 4,552,830. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $634.39. The company has a quick ratio of 1.12, a current 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. The firm has a 50-day moving average of $581.81 and a 200 day moving average of $487.70.

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

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. Insiders have sold a total of 273,767 shares of company stock valued at $151,298,232 over the last 90 days. 2.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on NFLX. Seaport Res Ptn downgraded Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Jefferies Financial Group increased their target price on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Guggenheim lifted their price target on shares of Netflix from $500.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Redburn Atlantic upped their price target on shares of Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $583.18.

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.