Kovack Advisors Inc. Acquires 133 Shares of Netflix, Inc. (NASDAQ:NFLX)

Kovack Advisors Inc. increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,660 shares of the Internet television network’s stock after acquiring an additional 133 shares during the period. Kovack Advisors Inc.’s holdings in Netflix were worth $808,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Jennison Associates LLC boosted its stake in Netflix by 40.6% during 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 acquiring an additional 1,573,978 shares in the last quarter. Northern Trust Corp lifted its stake in shares of 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 in the last quarter. Clearbridge Investments LLC lifted its stake in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Netflix by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock worth $903,834,000 after buying an additional 14,364 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Netflix by 15,039.1% in the fourth 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 buying an additional 2,061,859 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $561.23 on Friday. The firm has a fifty day moving average price of $604.54 and a 200-day moving average price of $520.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. The stock has a market cap of $241.83 billion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) 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 net margin of 18.42% and a return on equity of 29.62%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.88 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The disclosure for this sale can be found here. Insiders sold a total of 154,573 shares of company stock valued at $89,548,241 over the last three months. Corporate insiders own 2.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NFLX shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Loop Capital upped their target price on shares of Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. upped their target price on shares of Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Jefferies Financial Group boosted their price objective on shares of Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, March 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One equities research 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 stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $630.58.

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.