Brighton Jones LLC Has $2.83 Million Stake in Netflix, Inc. (NFLX)

Brighton Jones LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,717 shares of the Internet television network’s stock after buying an additional 1,437 shares during the period. Brighton Jones LLC’s holdings in Netflix were worth $2,825,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Duncker Streett & Co. Inc. raised its holdings in shares of Netflix by 47.1% during the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after purchasing an additional 200 shares during the last quarter. Murphy Capital Management Inc. raised its holdings in shares of Netflix by 5.4% during the fourth quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock valued at $828,000 after purchasing an additional 220 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Netflix by 0.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 31,480 shares of the Internet television network’s stock valued at $6,043,000 after purchasing an additional 235 shares during the last quarter. Covenant Asset Management LLC raised its holdings in shares of Netflix by 1.6% during the fourth quarter. Covenant Asset Management LLC now owns 15,373 shares of the Internet television network’s stock valued at $2,951,000 after purchasing an additional 238 shares during the last quarter. Finally, BB&T Corp raised its holdings in shares of Netflix by 6.9% during the fourth quarter. BB&T Corp now owns 4,122 shares of the Internet television network’s stock valued at $792,000 after purchasing an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 82.38% of the company’s stock.

In other news, Director Richard N. Barton sold 350 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the sale, the director now owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $194.29, for a total transaction of $136,003.00. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at approximately $1,436,385.97. The disclosure for this sale can be found here. In the last three months, insiders sold 459,885 shares of company stock worth $105,163,627. Insiders own 4.90% of the company’s stock.

Several research analysts have recently weighed in on NFLX shares. Aegis started coverage on shares of Netflix in a report on Monday, October 16th. They set a “hold” rating and a $200.00 price objective for the company. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price objective on shares of Netflix in a report on Monday, October 16th. Jefferies Group set a $190.00 price objective on shares of Netflix and gave the company a “neutral” rating in a report on Tuesday, October 17th. Wedbush set a $93.00 price objective on shares of Netflix and gave the company a “sell” rating in a report on Tuesday, October 17th. Finally, FBR & Co reissued a “buy” rating and set a $207.00 price objective (up from $172.00) on shares of Netflix in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $237.49.

Netflix, Inc. (NFLX) opened at $257.95 on Tuesday. Netflix, Inc. has a 12-month low of $138.26 and a 12-month high of $286.81. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $111,940.00, a price-to-earnings ratio of 206.36, a price-to-earnings-growth ratio of 3.48 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the business earned $0.15 earnings per share. Netflix’s quarterly revenue was up 32.6% compared to the same quarter last year. equities research analysts forecast that Netflix, Inc. will post 2.69 EPS for the current fiscal year.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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