Brighton Jones LLC Buys 228 Shares of Netflix, Inc. (NASDAQ:NFLX)

Brighton Jones LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,154 shares of the Internet television network’s stock after acquiring an additional 228 shares during the period. Brighton Jones LLC’s holdings in Netflix were worth $4,944,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its stake in shares of Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares during the last quarter. Northern Trust Corp increased its stake in shares of Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after purchasing an additional 96,938 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Netflix by 5.3% in the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock valued at $1,051,123,000 after purchasing an additional 139,165 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Netflix by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock valued at $903,834,000 after purchasing an additional 14,364 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after purchasing an additional 2,061,859 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ann Mather sold 3,673 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The disclosure for this sale can be found here. Insiders sold a total of 154,573 shares of company stock worth $89,548,241 over the last quarter. 1.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. Benchmark restated a “sell” rating and set a $440.00 price objective on shares of Netflix in a research report on Thursday, April 18th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. UBS Group boosted their price objective on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. KeyCorp boosted their price objective on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Finally, Seaport Res Ptn downgraded Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Stock Down 1.6 %

Shares of NFLX traded down $8.85 on Tuesday, hitting $550.64. 3,357,616 shares of the stock traded hands, compared to its average volume of 4,478,684. The company has a market capitalization of $237.27 billion, a PE ratio of 38.46, a P/E/G ratio of 1.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50 day simple moving average of $604.05 and a 200 day simple moving average of $522.96. Netflix, Inc. has a one year low of $315.62 and a one year high of $639.00.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the previous year, the firm posted $2.88 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, equities analysts forecast that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

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.