Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,161 shares of the Internet television network's stock after purchasing an additional 588 shares during the period. Silvercrest Asset Management Group LLC's holdings in Netflix were worth $6,383,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Pathway Financial Advisers LLC increased its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Transce3nd LLC purchased a new position in Netflix during the fourth quarter worth $32,000. Newton One Investments LLC bought a new position in Netflix during the fourth quarter valued at $34,000. Pineridge Advisors LLC raised its stake in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after acquiring an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Macquarie increased their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Rosenblatt Securities raised their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Wells Fargo & Company upped their price objective on Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a research note on Monday. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,102.79.

Netflix Stock Up 0.1%

NASDAQ:NFLX traded up $1.16 during mid-day trading on Friday, hitting $1,189.13. 913,790 shares of the company's stock traded hands, compared to its average volume of 3,742,129. The company has a fifty day moving average of $1,031.11 and a 200 day moving average of $957.63. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,211.22. The company has a market capitalization of $506.06 billion, a P/E ratio of 59.98, a P/E/G ratio of 2.12 and a beta of 1.58.

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

Insider Activity

In related news, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the transaction, the director now owns 79,040 shares of the company's stock, valued at $87,099,708.80. This trade represents a 29.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock valued at $138,483,256 over the last ninety days. 1.76% of the stock is currently owned by insiders.

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.