Raab & Moskowitz Asset Management LLC Grows Stake in Netflix, Inc. (NASDAQ:NFLX)

Raab & Moskowitz Asset Management LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,159 shares of the Internet television network’s stock after purchasing an additional 48 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Netflix were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. AMF Tjanstepension AB raised its position in Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after purchasing an additional 4,701 shares during the period. Creative Planning raised its holdings in shares of Netflix by 10.8% in the third quarter. Creative Planning now owns 110,551 shares of the Internet television network’s stock worth $78,410,000 after buying an additional 10,782 shares during the period. Swedbank AB lifted its stake in shares of Netflix by 1.8% during the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after acquiring an additional 8,024 shares during the last quarter. Keystone Wealth Services LLC purchased a new position in Netflix during the 3rd quarter valued at $303,000. Finally, Prospect Financial Services LLC boosted its holdings in Netflix by 69.1% during the 3rd quarter. Prospect Financial Services LLC now owns 585 shares of the Internet television network’s stock valued at $415,000 after acquiring an additional 239 shares during the period. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. TD Cowen lifted their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and raised their price target for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Pivotal Research boosted their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Finally, Oppenheimer lifted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,809 shares of company stock valued at $290,374,484. Insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.9 %

Shares of NFLX stock opened at $1,027.31 on Thursday. The stock’s fifty day moving average price is $922.08 and its 200 day moving average price is $797.72. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,032.85. The company has a market cap of $439.44 billion, a price-to-earnings ratio of 51.81, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results 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 business 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 firm earned $2.11 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. On average, research analysts expect 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.