Centaurus Financial Inc. Has $16.18 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Centaurus Financial Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,149 shares of the Internet television network's stock after acquiring an additional 482 shares during the quarter. Netflix accounts for 1.0% of Centaurus Financial Inc.'s portfolio, making the stock its 16th biggest holding. Centaurus Financial Inc.'s holdings in Netflix were worth $16,177,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Capital & Planning LLC purchased a new stake in shares of Netflix in the 4th quarter worth $809,000. Brighton Jones LLC increased its holdings in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Netflix in the fourth quarter worth about $12,212,000. Parsons Capital Management Inc. RI boosted its stake in shares of Netflix by 6.2% in the fourth quarter. Parsons Capital Management Inc. RI now owns 1,049 shares of the Internet television network's stock worth $935,000 after buying an additional 61 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in Netflix by 19.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 4,132 shares of the Internet television network's stock worth $3,683,000 after purchasing an additional 670 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. KeyCorp increased their price target on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Guggenheim restated a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Evercore ISI restated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. UBS Group decreased their target price on Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Wolfe Research set a $1,340.00 price objective on Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,122.33.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 640 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total transaction of $764,652.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jay C. Hoag sold 32,515 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director now directly owns 79,040 shares in the company, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,348 shares of company stock valued at $139,087,908. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX traded up $17.26 during trading hours on Friday, reaching $1,202.12. 4,686,095 shares of the stock were exchanged, compared to its average volume of 3,758,665. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50 day simple moving average of $1,059.27 and a 200-day simple moving average of $974.30. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,215.91. The stock has a market capitalization of $511.59 billion, a P/E ratio of 60.62, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the business posted $8.28 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.