Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 72.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 247,258 shares of the Internet television network's stock after acquiring an additional 104,003 shares during the quarter. Brown Advisory Inc. owned approximately 0.06% of Netflix worth $220,386,000 as of its most recent filing with the SEC.

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

Insider Activity at Netflix

In other news, Director Strive Masiyiwa sold 2,813 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 32,067 shares of Netflix stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $978.39, for a total value of $31,374,032.13. Following the completion of the transaction, the chairman now owns 349 shares of the company's stock, valued at $341,458.11. This trade represents a 98.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,759 shares of company stock valued at $186,744,388 over the last ninety days. Corporate insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NFLX shares. Loop Capital reiterated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Wolfe Research upgraded shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target for the company in a research note on Thursday, January 23rd. Wedbush raised their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, FBN Securities assumed coverage on shares of Netflix in a research report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price objective for the company. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,084.91.

Netflix Stock Performance

Shares of NFLX stock opened at $1,156.49 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company's fifty day moving average price is $968.34 and its two-hundred day moving average price is $919.35. The firm has a market capitalization of $492.17 billion, a P/E ratio of 58.32, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 12 month low of $580.25 and a 12 month high of $1,159.44.

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

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