Resonant Capital Advisors LLC Has $1.90 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Resonant Capital Advisors LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,135 shares of the Internet television network’s stock after purchasing an additional 59 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Netflix were worth $1,903,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. Nordea Investment Management AB boosted its holdings in Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after acquiring an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after acquiring an additional 29,726 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after acquiring an additional 11,921 shares in the last quarter. M&T Bank Corp boosted its holdings in Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after acquiring an additional 1,684 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new position in Netflix in the third quarter worth approximately $1,517,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX opened at $976.76 on Monday. The firm has a market capitalization of $417.82 billion, a price-to-earnings ratio of 49.26, a P/E/G ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The stock has a fifty day moving average of $904.67 and a 200 day moving average of $779.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $2.11 earnings per share. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the sale, the chief executive officer now owns 2,556 shares of the company’s stock, valued at $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 105,516 shares of company stock valued at $92,377,637. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Argus increased their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Wedbush restated an “outperform” rating and issued a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. The Goldman Sachs Group raised their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Morgan Stanley raised their target price on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Oppenheimer raised their target price on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.