Titleist Asset Management LLC Has $438,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Titleist Asset Management LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 22.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 491 shares of the Internet television network’s stock after acquiring an additional 90 shares during the period. Titleist Asset Management LLC’s holdings in Netflix were worth $438,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Pathway Financial Advisers LLC increased its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares in the last quarter. Newton One Investments LLC bought a new stake in shares of Netflix during the fourth quarter worth approximately $34,000. Pineridge Advisors LLC lifted its stake 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 period. Princeton Global Asset Management LLC lifted its stake in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after buying an additional 16 shares during the period. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $43,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NFLX. BMO Capital Markets reiterated an “outperform” rating and set a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Argus raised their price objective on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Arete Research upgraded shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Finally, Bank of America raised their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,023.74.

Netflix Stock Down 6.7 %

NFLX stock opened at $855.86 on Monday. The stock has a market cap of $366.10 billion, a P/E ratio of 43.16, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $970.24 and its two-hundred day simple moving average is $877.11.

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

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares in the company, valued at $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 280,676 shares of company stock worth $273,515,672. 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.