HM Payson & Co. Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

HM Payson & Co. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,313 shares of the Internet television network’s stock after purchasing an additional 69 shares during the period. HM Payson & Co.’s holdings in Netflix were worth $710,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Stumpf Capital Management LLC purchased a new stake in shares of Netflix in the third quarter valued at about $25,000. NuWave Investment Management LLC lifted its stake in shares of Netflix by 411.1% during the fourth quarter. NuWave Investment Management LLC now owns 46 shares of the Internet television network’s stock valued at $25,000 after buying an additional 37 shares during the period. Addison Advisors LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $27,000. ShoreHaven Wealth Partners LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $27,000. Finally, Litman Gregory Asset Management LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $30,000. 79.71% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on NFLX. TheStreet raised shares of Netflix from a “c+” rating to a “b” rating in a research note on Tuesday, December 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $685.00 price target (up previously from $628.00) on shares of Netflix in a research note on Wednesday, January 20th. Benchmark cut their price target on shares of Netflix from $485.00 to $472.00 and set a “sell” rating on the stock in a research note on Monday, March 22nd. Morgan Stanley increased their price target on shares of Netflix from $650.00 to $700.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 20th. Finally, Credit Suisse Group increased their price target on shares of Netflix from $525.00 to $586.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 20th. Four 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. Netflix currently has a consensus rating of “Buy” and a consensus price target of $587.45.

Netflix stock opened at $546.99 on Thursday. The firm’s 50-day moving average is $526.86 and its 200-day moving average is $516.84. 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, Inc. has a 1 year low of $363.03 and a 1 year high of $593.29. The company has a market cap of $242.26 billion, a P/E ratio of 88.22, a PEG ratio of 1.86 and a beta of 0.92.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, January 18th. The Internet television network reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.19). Netflix had a return on equity of 31.48% and a net margin of 11.78%. The business had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. As a group, sell-side analysts predict that Netflix, Inc. will post 6.27 earnings per share for the current year.

In related news, Director Jay C. Hoag sold 3,578 shares of Netflix stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $553.16, for a total value of $1,979,206.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jessica Neal sold 476 shares of Netflix 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 $268,602.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,028 shares of company stock worth $2,782,466. Insiders own 3.40% of the company’s stock.

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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