Steele Capital Management Inc. Purchases Shares of 1,127 Netflix, Inc. (NASDAQ:NFLX)

Steele Capital Management Inc. acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,127 shares of the Internet television network’s stock, valued at approximately $549,000.

Several other large investors have also modified their holdings of the stock. Jennison Associates LLC boosted its stake in shares of Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after acquiring an additional 1,573,978 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after acquiring an additional 96,938 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Netflix by 5.3% during the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock worth $1,051,123,000 after acquiring an additional 139,165 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Netflix by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock worth $903,834,000 after acquiring an additional 14,364 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Netflix by 15,039.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after buying an additional 2,061,859 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

NFLX traded down $1.74 on Monday, hitting $559.49. 2,507,604 shares of the stock traded hands, compared to its average volume of 4,492,389. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $241.08 billion, a PE ratio of 38.60, a P/E/G ratio of 1.37 and a beta of 1.22. The business has a fifty day moving average price of $604.54 and a two-hundred day moving average price of $521.57.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same period in the previous year, the company posted $2.88 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, research analysts predict that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on NFLX shares. Wells Fargo & Company raised their target price on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. The Goldman Sachs Group raised their target price on Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Bank of America raised their target price on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Loop Capital raised their target price on Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Oppenheimer reiterated an “outperform” rating and set a $725.00 price objective on shares of Netflix in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $630.58.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 20,734 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $567.16, for a total transaction of $11,759,495.44. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 20,734 shares of Netflix stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $567.16, for a total value of $11,759,495.44. The disclosure for this sale can be found here. Insiders have sold 154,573 shares of company stock worth $89,548,241 over the last three months. Company insiders own 1.76% of the company’s stock.

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.