Netflix, Inc. (NASDAQ:NFLX) is Weatherly Asset Management L. P.’s 7th Largest Position

Weatherly Asset Management L. P. decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,547 shares of the Internet television network’s stock after selling 1,419 shares during the quarter. Netflix comprises about 2.7% of Weatherly Asset Management L. P.’s investment portfolio, making the stock its 7th biggest holding. Weatherly Asset Management L. P.’s holdings in Netflix were worth $24,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Summit Global Investments raised its stake in shares of Netflix by 29.0% in the third quarter. Summit Global Investments now owns 2,064 shares of the Internet television network’s stock worth $779,000 after purchasing an additional 464 shares during the last quarter. Douglas Lane & Associates LLC increased its position in Netflix by 12.5% during the third quarter. Douglas Lane & Associates LLC now owns 559 shares of the Internet television network’s stock valued at $211,000 after acquiring an additional 62 shares during the last quarter. Capital Investment Advisors LLC increased its position in Netflix by 5.2% during the third quarter. Capital Investment Advisors LLC now owns 1,284 shares of the Internet television network’s stock valued at $485,000 after acquiring an additional 63 shares during the last quarter. Montecito Bank & Trust increased its position in Netflix by 56.3% during the third quarter. Montecito Bank & Trust now owns 800 shares of the Internet television network’s stock valued at $302,000 after acquiring an additional 288 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in Netflix by 12.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 886 shares of the Internet television network’s stock valued at $335,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 4.2 %

Shares of Netflix stock traded up $23.15 during trading on Tuesday, reaching $577.75. The company’s stock had a trading volume of 4,942,177 shares, compared to its average volume of 4,517,395. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a market cap of $248.95 billion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 1.49 and a beta of 1.22. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The company has a 50-day simple moving average of $605.58 and a two-hundred day simple moving average of $516.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.88 EPS. As a group, equities analysts forecast that Netflix, Inc. will post 17.13 earnings per share for the current year.

Insider Transactions at Netflix

In related news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the transaction, the chief executive officer now owns 1,278 shares in the company, valued at approximately $717,379.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock valued at $151,619,811 in the last quarter. 2.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup upped their price objective on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. UBS Group boosted their price target on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Jefferies Financial Group upped their price objective on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. Wells Fargo & Company upped their price objective on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Needham & Company LLC raised Netflix from a “hold” rating to a “buy” rating and set a $700.00 price objective for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

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.