RMR Wealth Builders Acquires 221 Shares of Netflix, Inc. (NASDAQ:NFLX)

RMR Wealth Builders boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,863 shares of the Internet television network’s stock after buying an additional 221 shares during the quarter. RMR Wealth Builders’ holdings in Netflix were worth $4,335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NFLX. DigitalBridge Group Inc. increased its stake in shares of Netflix by 35.5% in the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after buying an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after buying an additional 29,726 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after acquiring an additional 11,921 shares during the period. Finally, M&T Bank Corp increased its holdings in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after acquiring an additional 1,684 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NFLX. TD Cowen upped their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Bank of America increased their price target on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Sanford C. Bernstein boosted their price objective on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. UBS Group increased their target price on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Needham & Company LLC lifted their price objective on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $824.00.

Netflix Stock Down 4.3 %

NASDAQ NFLX traded down $37.31 on Friday, reaching $837.69. 4,778,715 shares of the stock traded hands, compared to its average volume of 3,083,933. Netflix, Inc. has a 12 month low of $475.26 and a 12 month high of $941.75. The company has a market cap of $358.08 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.77 and a beta of 1.27. The company has a fifty day moving average price of $876.43 and a 200-day moving average price of $751.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. As a group, research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now directly owns 35,262 shares in the company, valued at $26,975,430. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 156,742 shares of company stock valued at $131,030,268. Corporate insiders own 1.76% of the company’s stock.

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.