Essex Savings Bank Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

Essex Savings Bank boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,844 shares of the Internet television network’s stock after acquiring an additional 79 shares during the period. Essex Savings Bank’s holdings in Netflix were worth $1,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Netflix during the third quarter worth about $37,000. FSA Wealth Management LLC purchased a new position in Netflix in the 3rd quarter valued at approximately $38,000. Finally, First Personal Financial Services purchased a new stake in Netflix during the third quarter worth $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the sale, the chief executive officer now owns 13,090 shares in the company, valued at $9,817,500. This represents a 24.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on NFLX shares. JPMorgan Chase & Co. lowered their price target on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Wolfe Research reissued an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Morgan Stanley raised their price objective on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, UBS Group boosted their target price on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $845.82.

Netflix Stock Performance

NFLX opened at $848.26 on Thursday. The business has a 50 day moving average price of $881.04 and a two-hundred day moving average price of $755.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $362.60 billion, a price-to-earnings ratio of 48.01, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a 1-year low of $475.26 and a 1-year high of $941.75.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Research analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

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.