Ausdal Financial Partners Inc. Boosts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Ausdal Financial Partners Inc. lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 17.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,092 shares of the Internet television network’s stock after acquiring an additional 307 shares during the period. Ausdal Financial Partners Inc.’s holdings in Netflix were worth $1,865,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Nordea Investment Management AB increased 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 valued at $760,918,000 after buying an additional 156,958 shares in the last quarter. First National Trust Co lifted its holdings in Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after purchasing an additional 12 shares in the last quarter. Haven Private LLC acquired a new position in Netflix during the fourth quarter worth about $733,000. Sigma Planning Corp grew its stake in Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after acquiring an additional 386 shares in the last quarter. Finally, M&T Bank Corp grew its position in shares of Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after purchasing an additional 1,684 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the transaction, the chairman now directly owns 114 shares in the company, valued at $101,241.12. This trade represents a 99.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 288,583 shares of company stock worth $279,611,567 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $970.65 on Thursday. The firm has a market capitalization of $415.20 billion, a PE ratio of 48.95, a P/E/G ratio of 2.12 and a beta of 1.38. 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 12 month low of $542.01 and a 12 month high of $1,064.50. The company’s 50 day simple moving average is $967.54 and its 200 day simple moving average is $864.18.

Netflix (NASDAQ:NFLX) last issued 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the firm posted $2.11 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of several analyst reports. Bank of America lifted their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Phillip Securities downgraded Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Loop Capital increased their price objective on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird raised their price target on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,016.78.

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.