Rappaport Reiches Capital Management LLC Has $2.88 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Rappaport Reiches Capital Management LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,234 shares of the Internet television network’s stock after purchasing an additional 41 shares during the quarter. Netflix accounts for approximately 0.7% of Rappaport Reiches Capital Management LLC’s holdings, making the stock its 19th biggest holding. Rappaport Reiches Capital Management LLC’s holdings in Netflix were worth $2,883,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NFLX. State Street Corp grew its stake in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Geode Capital Management LLC increased its holdings in Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after purchasing an additional 123,029 shares in the last quarter. Jennison Associates LLC raised its position in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the last quarter. International Assets Investment Management LLC raised its position in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after purchasing an additional 23,702 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 3.2 %

Shares of Netflix stock opened at $984.86 on Friday. The business’s 50 day moving average is $889.11 and its 200-day moving average is $763.41. Netflix, Inc. has a 12-month low of $537.07 and a 12-month high of $999.00. The stock has a market cap of $420.99 billion, a P/E ratio of 49.67, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 EPS. Equities research analysts predict that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,500 shares of company stock worth $123,309,210. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NFLX. Guggenheim raised their target price on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America boosted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Loop Capital raised their price target on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Jefferies Financial Group upped their price objective on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Nine research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,009.29.

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.