Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Birchcreek Wealth Management LLC

Birchcreek Wealth Management LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,299 shares of the Internet television network’s stock after purchasing an additional 44 shares during the period. Birchcreek Wealth Management LLC’s holdings in Netflix were worth $632,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. International Assets Investment Management LLC boosted its position in 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 valued at $1,010,553,000 after buying an additional 2,061,859 shares during the period. Jennison Associates LLC boosted its position in Netflix by 40.6% in 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 buying an additional 1,573,978 shares during the period. Assenagon Asset Management S.A. boosted its position in Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after buying an additional 392,427 shares during the period. Alecta Tjanstepension Omsesidigt boosted its position in Netflix by 171.4% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock valued at $231,258,000 after buying an additional 300,000 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Netflix in the 3rd quarter valued at approximately $99,219,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ann Mather sold 3,673 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 154,573 shares of company stock valued at $89,548,241. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NFLX. Guggenheim raised their price target on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Benchmark reaffirmed a “sell” rating and set a $440.00 price objective on shares of Netflix in a research report on Thursday, April 18th. DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a research report on Thursday, January 25th. Robert W. Baird lifted their price objective on shares of Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. 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. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $3.37 on Monday, hitting $557.86. The company’s stock had a trading volume of 1,341,723 shares, compared to its average volume of 4,477,721. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00. The company has a market capitalization of $240.38 billion, a price-to-earnings ratio of 38.58, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a 50 day moving average of $604.54 and a 200-day moving average of $521.57.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $2.88 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 18.13 EPS for the current year.

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.