Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,851 shares of the Internet television network's stock after purchasing an additional 1,097 shares during the period. Cetera Investment Advisers' holdings in Netflix were worth $69,390,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Pathway Financial Advisers LLC boosted its holdings 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 worth $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 approximately $32,000. Newton One Investments LLC acquired a new position in Netflix during the fourth quarter worth $34,000. Pineridge Advisors LLC grew its holdings in 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 buying an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC increased its stake 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. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Down 0.4 %

Shares of NASDAQ:NFLX traded down $4.62 on Friday, hitting $1,139.81. 2,565,837 shares of the company's stock were exchanged, compared to its average volume of 3,735,714. 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 1-year low of $587.04 and a 1-year high of $1,164.00. The company has a market capitalization of $485.07 billion, a PE ratio of 57.48, a P/E/G ratio of 2.12 and a beta of 1.58. The firm's 50-day moving average is $981.62 and its 200 day moving average is $929.20.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate 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 net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the firm posted $8.28 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NFLX shares. BMO Capital Markets reissued an "outperform" rating and set a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Citigroup restated a "neutral" rating on shares of Netflix in a report on Monday. KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,084.91.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. This trade represents a 98.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cletus R. Willems sold 298 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the sale, the insider now directly owns 31,610 shares of the company's stock, valued at $35,972,180. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,530 shares of company stock worth $137,602,751 in the last ninety days. 1.76% of the stock is owned by corporate insiders.

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.