Piedmont Investment Advisors Inc. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 52,794 shares of the Internet television network’s stock after buying an additional 2,273 shares during the quarter. Netflix accounts for approximately 0.7% of Piedmont Investment Advisors Inc.’s portfolio, making the stock its 26th largest holding. Piedmont Investment Advisors Inc.’s holdings in Netflix were worth $14,131,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc raised its stake in 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 acquiring an additional 35 shares during the period. NuWave Investment Management LLC raised its stake in Netflix by 338.5% in the 4th quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock valued at $31,000 after acquiring an additional 88 shares during the period. Contravisory Investment Management Inc. raised its stake in 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 acquiring an additional 63 shares during the period. Avondale Wealth Management raised its stake in Netflix by 216.0% in the 4th quarter. Avondale Wealth Management now owns 158 shares of the Internet television network’s stock valued at $42,000 after acquiring an additional 108 shares during the period. Finally, CNB Bank bought a new stake in Netflix in the 4th quarter valued at about $43,000. 79.49% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on the company. BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. Sanford C. Bernstein restated a “buy” rating and issued a $421.00 price objective on shares of Netflix in a research note on Wednesday, January 16th. JPMorgan Chase & Co. restated a “buy” rating and issued a $435.00 price objective (up from $425.00) on shares of Netflix in a research note on Friday, January 18th. UBS Group restated a “buy” rating and issued a $420.00 price objective (up from $410.00) on shares of Netflix in a research note on Friday, January 18th. Finally, Pivotal Research boosted their price objective on Netflix from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, January 18th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $376.33.

NFLX stock opened at $360.01 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $153.58 billion, a P/E ratio of 134.33, a P/E/G ratio of 2.90 and a beta of 1.38. Netflix, Inc. has a 1-year low of $231.23 and a 1-year high of $423.21.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, January 17th. The Internet television network reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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%. Netflix’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 4.05 earnings per share for the current year.

In other Netflix news, Director Anne M. Sweeney sold 342 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $360.00, for a total value of $123,120.00. Following the completion of the sale, the director now owns 342 shares of the company’s stock, valued at $123,120. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anne M. Sweeney sold 2,569 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $350.00, for a total value of $899,150.00. Following the completion of the sale, the director now directly owns 539 shares of the company’s stock, valued at approximately $188,650. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 219,664 shares of company stock worth $62,112,247. 4.29% of the stock is owned by company insiders.

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About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. 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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