Motive Wealth Advisors Acquires 44 Shares of Netflix, Inc. (NASDAQ:NFLX)

Motive Wealth Advisors lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 617 shares of the Internet television network’s stock after purchasing an additional 44 shares during the period. Motive Wealth Advisors’ holdings in Netflix were worth $550,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State Street Corp increased its stake in shares of Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the last quarter. Geode Capital Management LLC raised its stake in Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after buying an additional 123,029 shares during the period. Jennison Associates LLC raised its stake in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after buying an additional 316,594 shares during the period. International Assets Investment Management LLC lifted its holdings in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after acquiring an additional 5,748,200 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after acquiring an additional 23,702 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 3.2 %

Shares of Netflix stock opened at $984.86 on Friday. Netflix, Inc. has a 1 year low of $537.07 and a 1 year high of $999.00. The company has a market capitalization of $420.99 billion, a price-to-earnings ratio of 49.67, a P/E/G ratio of 1.53 and a beta of 1.27. The business has a fifty day simple moving average of $889.11 and a two-hundred day simple moving average of $763.41. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. Netflix’s revenue was up 16.0% compared to the same quarter last year. Research analysts forecast that Netflix, Inc. will post 23.72 EPS for the current year.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 41,601 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at $64,435.10. This represents a 99.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,500 shares of company stock worth $123,309,210. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday. TD Cowen raised their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the company from $940.00 to $1,150.00 in a report on Wednesday. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $975.00 to $1,200.00 in a report on Friday. Finally, Needham & Company LLC upped their target price on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,009.29.

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.