Cabot Wealth Management Inc. Takes Position in Netflix, Inc. (NASDAQ:NFLX)

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Cabot Wealth Management Inc. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,897 shares of the Internet television network’s stock, valued at approximately $1,578,000.

Several other large investors have also recently bought and sold shares of NFLX. Versant Capital Management Inc grew its holdings in shares of Netflix by 59.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after buying an additional 35 shares during the period. Pearl River Capital LLC bought a new stake in Netflix during the 4th quarter worth about $30,000. NuWave Investment Management LLC lifted its position in Netflix by 338.5% during the 4th quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock worth $31,000 after buying an additional 88 shares in the last quarter. Citizens Financial Group Inc RI lifted its position in Netflix by 750.0% during the 4th quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after buying an additional 120 shares in the last quarter. Finally, Contravisory Investment Management Inc. raised its holdings in shares of Netflix by 85.1% in the 4th quarter. Contravisory Investment Management Inc. now owns 137 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 63 shares during the period. Institutional investors own 75.08% of the company’s stock.

Shares of NASDAQ NFLX traded up $0.40 during trading on Thursday, reaching $361.61. 1,467,711 shares of the company traded hands, compared to its average volume of 6,549,296. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.98. The company has a market cap of $157.70 billion, a PE ratio of 134.93, a PEG ratio of 2.94 and a beta of 1.37. Netflix, Inc. has a 52-week low of $231.23 and a 52-week high of $423.21.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, January 17th. The Internet television network reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 4.05 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Wednesday, January 16th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $421.00 target price on shares of Netflix in a report on Wednesday, January 16th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $435.00 price target (up from $425.00) on shares of Netflix in a report on Friday, January 18th. UBS Group reissued a “buy” rating and issued a $420.00 price target (up from $410.00) on shares of Netflix in a report on Friday, January 18th. Finally, Pivotal Research increased their price target on shares of Netflix from $480.00 to $500.00 and gave the company a “buy” rating in a report on Friday, January 18th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $375.75.

In other Netflix news, Director Anne M. Sweeney sold 1,649 shares of Netflix stock in a transaction on Monday, February 25th. The shares were sold at an average price of $370.00, for a total transaction of $610,130.00. Following the completion of the transaction, the director now directly owns 609 shares of the company’s stock, valued at $225,330. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 67,907 shares of Netflix stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $328.17, for a total transaction of $22,285,040.19. Following the transaction, the chief executive officer now directly owns 67,907 shares of the company’s stock, valued at $22,285,040.19. The disclosure for this sale can be found here. Over the last three months, insiders sold 197,639 shares of company stock valued at $61,581,281. 4.29% of the stock is currently owned by insiders.

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Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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