EdgeRock Capital LLC Purchases New Holdings in Netflix, Inc. (NASDAQ:NFLX)

EdgeRock Capital LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 176 shares of the Internet television network’s stock, valued at approximately $86,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Jennison Associates LLC increased its position in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after buying an additional 1,573,978 shares during the last quarter. Northern Trust Corp increased its position in Netflix by 2.1% in the third quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after buying an additional 96,938 shares during the last quarter. Fisher Asset Management LLC increased its position in Netflix by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after buying an additional 78,298 shares during the last quarter. Clearbridge Investments LLC increased its position in Netflix by 5.3% in the third quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock worth $1,051,123,000 after buying an additional 139,165 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Netflix by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,439,493 shares of the Internet television network’s stock worth $1,187,740,000 after buying an additional 45,865 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 1.5 %

Shares of NFLX traded up $9.03 during trading hours on Tuesday, hitting $606.00. The company had a trading volume of 3,608,993 shares, compared to its average volume of 4,419,100. The firm has a market cap of $261.16 billion, a P/E ratio of 42.05, a P/E/G ratio of 1.40 and a beta of 1.23. The stock’s 50 day moving average price is $602.85 and its 200 day moving average price is $531.62. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52-week low of $322.03 and a 52-week high of $639.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the previous year, the business earned $2.88 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. On average, research analysts predict that Netflix, Inc. will post 18.3 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Sanford C. Bernstein raised their target price on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research report on Friday, April 19th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Robert W. Baird raised their price target on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $585.00 price target (down from $720.00) on shares of Netflix in a report on Friday, April 19th. Finally, Barclays raised their price target on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $631.15.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 565 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $565.37, for a total transaction of $319,434.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Spencer Adam Neumann sold 565 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $565.37, for a total transaction of $319,434.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Anne M. Sweeney sold 3,029 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $580.00, for a total value of $1,756,820.00. The disclosure for this sale can be found here. Insiders have sold a total of 157,141 shares of company stock worth $90,796,396 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Profile

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.