Netflix, Inc. (NFLX) Stake Boosted by Lindbrook Capital LLC

Lindbrook Capital LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.5% during the 1st quarter, HoldingsChannel reports. The firm owned 1,225 shares of the Internet television network’s stock after purchasing an additional 64 shares during the period. Lindbrook Capital LLC’s holdings in Netflix were worth $436,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in Netflix by 59.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 35 shares in the last quarter. Clarfeld Financial Advisors LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $27,000. Pearl River Capital LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $30,000. NuWave Investment Management LLC increased its position in shares of Netflix by 338.5% during the 4th quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock worth $31,000 after purchasing an additional 88 shares during the last quarter. Finally, Citizens Financial Group Inc RI increased its position in shares of Netflix by 750.0% during the 4th quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Several research firms have weighed in on NFLX. Pivotal Research reaffirmed a “buy” rating and set a $500.00 price target on shares of Netflix in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lowered their price target on Netflix from $425.00 to $425.00 and set an “overweight” rating on the stock in a research report on Monday, January 14th. BMO Capital Markets boosted their price target on Netflix from $440.00 to $470.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Nomura reaffirmed a “neutral” rating and set a $320.00 price target (up previously from $300.00) on shares of Netflix in a research report on Friday, January 18th. Finally, Argus reaffirmed a “hold” rating on shares of Netflix in a research report on Tuesday, January 22nd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $385.15.

Shares of NASDAQ NFLX opened at $381.89 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 1.49 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a one year low of $231.23 and a one year high of $423.21. The firm has a market capitalization of $157.33 billion, a price-to-earnings ratio of 142.50, a PEG ratio of 3.44 and a beta of 1.36.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.19. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period in the prior year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities analysts forecast that Netflix, Inc. will post 3.5 earnings per share for the current fiscal year.

In other news, CEO Reed Hastings sold 54,418 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $362.00, for a total transaction of $19,699,316.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 1,649 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $370.00, for a total value of $610,130.00. Following the sale, the director now owns 609 shares of the company’s stock, valued at $225,330. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,474 shares of company stock worth $42,436,287. Insiders own 4.29% of the company’s stock.

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Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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