Citizens Financial Group Inc. RI Has $1.11 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Citizens Financial Group Inc. RI boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,274 shares of the Internet television network’s stock after acquiring an additional 360 shares during the period. Citizens Financial Group Inc. RI’s holdings in Netflix were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC bought a new stake in Netflix during the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management acquired a new position in shares of Netflix in the third quarter valued at approximately $26,000. Carmel Capital Partners LLC boosted its holdings in shares of Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after buying an additional 58 shares during the period. Blue Bell Private Wealth Management LLC increased its position in shares of Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 35 shares in the last quarter. Finally, Pacifica Partners Inc. acquired a new stake in shares of Netflix during the fourth quarter worth $41,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,573 shares of company stock worth $89,548,241. 2.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research analyst reports. Citigroup upped their target price on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. JPMorgan Chase & Co. increased their price objective on Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Needham & Company LLC upgraded Netflix from a “hold” rating to a “buy” rating and set a $700.00 price objective for the company in a report on Friday, April 19th. DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a report on Thursday, January 25th. Finally, Pivotal Research lifted their price objective on shares of Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $630.58.

Netflix Stock Performance

Shares of NFLX stock opened at $561.23 on Friday. The stock has a market cap of $241.83 billion, a P/E ratio of 38.95, 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 current ratio of 1.07 and a quick ratio of 1.12. The company has a fifty day moving average price of $604.54 and a two-hundred day moving average price of $520.48. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.88 EPS. As a group, equities analysts predict that Netflix, Inc. will post 18.13 EPS for the current year.

Netflix 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.