Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,224 shares of the Internet television network’s stock after acquiring an additional 101 shares during the quarter. Kovack Advisors Inc.’s holdings in Netflix were worth $1,982,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NFLX. AMF Tjanstepension AB raised its stake in Netflix by 7.4% during the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after buying an additional 4,701 shares in the last quarter. Swedbank AB raised its stake in Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after buying an additional 8,024 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in Netflix by 10.3% during the third quarter. Pallas Capital Advisors LLC now owns 3,866 shares of the Internet television network’s stock valued at $2,917,000 after buying an additional 361 shares in the last quarter. Boston Financial Mangement LLC raised its stake in Netflix by 1.1% during the third quarter. Boston Financial Mangement LLC now owns 1,891 shares of the Internet television network’s stock valued at $1,341,000 after buying an additional 20 shares in the last quarter. Finally, Better Money Decisions LLC raised its stake in Netflix by 14.4% during the third quarter. Better Money Decisions LLC now owns 793 shares of the Internet television network’s stock valued at $562,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is owned by company insiders.

Netflix Stock Up 1.3 %

Shares of NFLX opened at $990.06 on Thursday. The company has a market capitalization of $423.51 billion, a P/E ratio of 49.93, a PEG ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The business’s 50 day simple moving average is $945.07 and its 200-day simple moving average is $827.46.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company earned $2.11 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NFLX. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets reiterated an “outperform” rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Argus increased their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their price target on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and increased their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.