Raab & Moskowitz Asset Management LLC Has $414,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Raab & Moskowitz Asset Management LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 851 shares of the Internet television network’s stock after acquiring an additional 73 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Netflix were worth $414,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC boosted its stake in Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares during the period. Northern Trust Corp lifted its position in shares of Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after acquiring an additional 96,938 shares during the period. Clearbridge Investments LLC lifted its position in shares of Netflix by 5.3% in the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock worth $1,051,123,000 after acquiring an additional 139,165 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Netflix by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock worth $903,834,000 after acquiring an additional 14,364 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after acquiring an additional 2,061,859 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 0.6 %

Shares of NASDAQ:NFLX traded down $3.57 during midday trading on Friday, hitting $561.23. The company had a trading volume of 4,332,593 shares, compared to its average volume of 4,190,527. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The stock has a market cap of $241.83 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 1.38 and a beta of 1.22. The firm has a fifty day simple moving average of $604.54 and a 200 day simple moving average of $519.46.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (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 business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same period last year, the company earned $2.88 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. On average, analysts predict that Netflix, Inc. will post 18.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on NFLX shares. Sanford C. Bernstein raised their price objective on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research report on Friday, April 19th. Jefferies Financial Group raised their price objective on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. Seaport Res Ptn downgraded Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Piper Sandler raised their target price on Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Morgan Stanley raised their target price on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction dated 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 directly owns 13,090 shares in the company, valued at $8,181,250. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction dated 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 directly owns 13,090 shares in the company, valued at $8,181,250. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total value of $723,795.30. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $7,413,521.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 154,573 shares of company stock worth $89,548,241. Corporate insiders own 2.45% of the company’s stock.

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.