Everence Capital Management Inc. Buys New Stake in Netflix, Inc. (NASDAQ:NFLX)

Everence Capital Management Inc. bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 1st quarter, Holdings Channel.com reports. The firm bought 10,752 shares of the Internet television network’s stock, valued at approximately $5,609,000.

Several other large investors have also bought and sold shares of the stock. Wunderlich Capital Managemnt increased its stake in Netflix by 0.4% in the 4th quarter. Wunderlich Capital Managemnt now owns 5,089 shares of the Internet television network’s stock valued at $2,752,000 after buying an additional 18 shares during the period. Institute for Wealth Management LLC. increased its stake in Netflix by 0.5% in the 4th quarter. Institute for Wealth Management LLC. now owns 3,939 shares of the Internet television network’s stock valued at $2,130,000 after buying an additional 19 shares during the period. San Francisco Sentry Investment Group CA increased its stake in shares of Netflix by 0.3% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 6,830 shares of the Internet television network’s stock worth $3,693,000 after purchasing an additional 19 shares during the last quarter. Capital Asset Advisory Services LLC increased its stake in shares of Netflix by 2.4% during the 4th quarter. Capital Asset Advisory Services LLC now owns 796 shares of the Internet television network’s stock worth $430,000 after purchasing an additional 19 shares during the last quarter. Finally, Formidable Asset Management LLC increased its stake in shares of Netflix by 0.9% during the 3rd quarter. Formidable Asset Management LLC now owns 2,331 shares of the Internet television network’s stock worth $1,172,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

Several research analysts have recently commented on NFLX shares. Cowen increased their price target on shares of Netflix from $650.00 to $675.00 in a research note on Wednesday, January 20th. UBS Group upgraded shares of Netflix from a “neutral” rating to a “buy” rating and increased their price target for the stock from $540.00 to $650.00 in a research note on Wednesday, January 20th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Netflix from $580.00 to $600.00 and gave the stock a “buy” rating in a research note on Wednesday, January 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on shares of Netflix from $450.00 to $580.00 and gave the stock a “neutral” rating in a research note on Thursday, January 14th. Finally, Barclays increased their price target on shares of Netflix from $550.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 20th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $587.45.

Shares of NASDAQ:NFLX traded up $2.43 during midday trading on Thursday, reaching $549.42. 115,657 shares of the company’s stock were exchanged, compared to its average volume of 4,692,940. The company’s 50 day simple moving average is $526.86 and its two-hundred day simple moving average is $516.84. The firm has a market capitalization of $243.34 billion, a PE ratio of 88.22, a price-to-earnings-growth ratio of 1.86 and a beta of 0.92. Netflix, Inc. has a 12 month low of $363.03 and a 12 month high of $593.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.24 and a current ratio of 1.24.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, January 18th. The Internet television network reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.19). The business had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.62 billion. Netflix had a return on equity of 31.48% and a net margin of 11.78%. Netflix’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 6.27 earnings per share for the current year.

In related news, insider Jessica Neal sold 476 shares of the stock in a transaction dated Wednesday, January 20th. The shares were sold at an average price of $564.29, for a total transaction of $268,602.04. Following the completion of the sale, the insider now owns 476 shares in the company, valued at approximately $268,602.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay C. Hoag sold 3,578 shares of the stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $553.16, for a total transaction of $1,979,206.48. The disclosure for this sale can be found here. Insiders have sold a total of 5,028 shares of company stock valued at $2,782,466 over the last ninety days. 3.40% of the stock is owned by insiders.

Netflix Company Profile

Netflix, Inc provides entertainment services. 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 devices, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading: Dual Listing

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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