Adero Partners LLC Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Adero Partners LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 47.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,268 shares of the Internet television network’s stock after purchasing an additional 408 shares during the quarter. Adero Partners LLC’s holdings in Netflix were worth $1,130,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. AMF Tjanstepension AB raised its position in Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after buying an additional 4,701 shares during the last quarter. Czech National Bank increased its stake in shares of Netflix by 6.5% in the third quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock worth $62,008,000 after acquiring an additional 5,312 shares during the period. City Holding Co. raised its holdings in shares of Netflix by 2,141.4% during the third quarter. City Holding Co. now owns 2,219 shares of the Internet television network’s stock worth $1,574,000 after purchasing an additional 2,120 shares during the last quarter. Brookstone Capital Management lifted its position in Netflix by 6.4% during the third quarter. Brookstone Capital Management now owns 7,486 shares of the Internet television network’s stock valued at $5,310,000 after purchasing an additional 447 shares during the period. Finally, Talbot Financial LLC boosted its holdings in Netflix by 5.2% in the third quarter. Talbot Financial LLC now owns 16,264 shares of the Internet television network’s stock valued at $11,536,000 after purchasing an additional 808 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NFLX. Macquarie boosted their price objective on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Loop Capital lifted their price target on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 291,585 shares of company stock valued at $277,777,833. 1.76% of the stock is currently owned by insiders.

Netflix Trading Up 1.6 %

Shares of Netflix stock opened at $1,011.11 on Thursday. 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 stock’s 50 day simple moving average is $909.38 and its 200-day simple moving average is $784.44. The stock has a market cap of $432.51 billion, a P/E ratio of 50.99, a P/E/G ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,011.83.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts predict that Netflix, Inc. will post 24.58 EPS 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.