Netflix, Inc. (NFLX) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,684 shares of the Internet television network’s stock after buying an additional 269 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Netflix were worth $707,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NFLX. Bank of New York Mellon Corp raised its position in Netflix by 5.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock valued at $659,809,000 after purchasing an additional 172,229 shares during the last quarter. Tybourne Capital Management HK Ltd. raised its position in Netflix by 3.6% in the 2nd quarter. Tybourne Capital Management HK Ltd. now owns 2,400,536 shares of the Internet television network’s stock valued at $358,664,000 after purchasing an additional 84,341 shares during the last quarter. Janus Henderson Group PLC raised its position in Netflix by 3,478.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock valued at $305,014,000 after purchasing an additional 1,984,404 shares during the last quarter. Legal & General Group Plc raised its position in Netflix by 3.3% in the 3rd quarter. Legal & General Group Plc now owns 1,855,088 shares of the Internet television network’s stock valued at $336,420,000 after purchasing an additional 58,691 shares during the last quarter. Finally, Swiss National Bank raised its position in Netflix by 1.0% in the 3rd quarter. Swiss National Bank now owns 1,588,825 shares of the Internet television network’s stock valued at $288,133,000 after purchasing an additional 16,300 shares during the last quarter. Institutional investors and hedge funds own 83.27% of the company’s stock.

Several research firms recently commented on NFLX. Stifel Nicolaus upped their price target on shares of Netflix from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. JPMorgan Chase & Co. restated an “overweight” rating and set a $225.00 price objective (up previously from $210.00) on shares of Netflix in a research report on Friday, October 13th. Vetr upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $210.19 price objective for the company in a research report on Thursday, October 19th. BidaskClub downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, Loop Capital upped their price objective on shares of Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $213.56.

In related news, Director Richard N. Barton sold 350 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the sale, the director now directly owns 7,171 shares of the company’s stock, valued at approximately $1,331,726.41. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jonathan Friedland sold 972 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $225.12, for a total transaction of $218,816.64. Following the completion of the sale, the insider now directly owns 972 shares in the company, valued at $218,816.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 341,551 shares of company stock worth $66,457,350. 4.90% of the stock is owned by corporate insiders.

Shares of Netflix, Inc. (NASDAQ:NFLX) opened at $220.46 on Friday. The company has a market cap of $95,460.00, a PE ratio of 222.69, a P/E/G ratio of 3.54 and a beta of 1.34. Netflix, Inc. has a 12 month low of $137.03 and a 12 month high of $226.07. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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