McKinley Carter Wealth Services Inc. Boosts Position in Netflix, Inc. (NASDAQ:NFLX)

McKinley Carter Wealth Services Inc. raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,908 shares of the Internet television network’s stock after buying an additional 179 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Netflix were worth $7,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of NFLX. Magnolia Capital Advisors LLC lifted its stake in Netflix by 3.0% in the second quarter. Magnolia Capital Advisors LLC now owns 961 shares of the Internet television network’s stock worth $649,000 after acquiring an additional 28 shares during the period. Kimelman & Baird LLC purchased a new stake in shares of Netflix in the 2nd quarter worth approximately $253,000. Advisory Alpha LLC boosted its stake in shares of Netflix by 1.5% during the second quarter. Advisory Alpha LLC now owns 1,587 shares of the Internet television network’s stock valued at $1,071,000 after purchasing an additional 23 shares in the last quarter. Ted Buchan & Co purchased a new position in Netflix during the second quarter valued at approximately $1,091,000. Finally, Heartland Bank & Trust Co raised its stake in Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after buying an additional 15 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock valued at $123,913,691 in the last three months. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Down 0.0 %

NFLX opened at $971.83 on Wednesday. The company has a fifty day moving average of $899.64 and a two-hundred day moving average of $772.71. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The stock has a market capitalization of $415.42 billion, a price-to-earnings ratio of 49.01, a PEG ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.11 EPS. On average, research analysts expect that Netflix, Inc. will post 23.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NFLX shares. TD Cowen lifted their price target on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company lifted their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Citigroup lifted their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, Macquarie raised their target price on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Company 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.