HWG Holdings LP Grows Position in Netflix, Inc. (NASDAQ:NFLX)

HWG Holdings LP raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,411 shares of the Internet television network's stock after acquiring an additional 559 shares during the quarter. Netflix makes up 1.3% of HWG Holdings LP's holdings, making the stock its 23rd biggest position. HWG Holdings LP's holdings in Netflix were worth $3,932,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Pathway Financial Advisers LLC grew its position in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the fourth quarter valued at approximately $27,000. Transce3nd LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $32,000. Newton One Investments LLC purchased a new position in shares of Netflix in the fourth quarter worth $34,000. Finally, Pineridge Advisors LLC lifted its position in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction dated 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. The trade was a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,348 shares of company stock worth $139,087,908. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company raised their price target on Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an "outperform" rating in a report on Friday, May 16th. Guggenheim reaffirmed a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Robert W. Baird increased their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, FBN Securities initiated coverage on shares of Netflix in a research report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price target for the company. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,102.79.

Netflix Stock Down 1.6%

NFLX traded down $19.60 during trading hours on Thursday, hitting $1,188.95. 1,971,897 shares of the company's stock were exchanged, compared to its average volume of 3,744,183. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,215.91. The firm has a market cap of $505.98 billion, a P/E ratio of 59.86, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The firm has a 50 day moving average of $1,050.92 and a 200 day moving average of $969.04.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates 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 company earned $8.28 EPS. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Company 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.