Westwood Holdings Group Inc. Acquires 710 Shares of Netflix, Inc. (NASDAQ:NFLX)

Westwood Holdings Group Inc. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 24.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,570 shares of the Internet television network’s stock after buying an additional 710 shares during the period. Westwood Holdings Group Inc.’s holdings in Netflix were worth $2,168,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Netflix by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after buying an additional 149,341 shares during the last quarter. Capital World Investors grew its holdings in Netflix by 0.7% during the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after purchasing an additional 78,320 shares during the last quarter. Jennison Associates LLC grew its holdings in Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares during the last quarter. Norges Bank bought a new position in Netflix during the 4th quarter valued at about $2,558,598,000. Finally, Fisher Asset Management LLC grew its holdings in Netflix by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock valued at $2,006,483,000 after purchasing an additional 78,298 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $11.21 during midday trading on Friday, reaching $613.64. The company’s stock had a trading volume of 3,523,003 shares, compared to its average volume of 3,930,496. The firm has a market capitalization of $263.36 billion, a PE ratio of 42.58, a P/E/G ratio of 1.28 and a beta of 1.27. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $697.49. The stock has a fifty day moving average of $656.10 and a 200 day moving average of $613.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the prior year, the firm posted $3.29 earnings per share. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the topic of several analyst reports. Citigroup upped their price target on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Argus boosted their price objective on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. UBS Group boosted their price objective on shares of Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Macquarie reissued an “outperform” rating and issued a $685.00 price objective on shares of Netflix in a research report on Tuesday, July 16th. Finally, The Goldman Sachs Group boosted their price objective on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $681.21.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at $35,991.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,835,750. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,415 shares of company stock valued at $47,477,222. Corporate insiders own 1.76% of the company’s stock.

About Netflix

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.