Kieckhefer Group LLC Makes New $4.71 Million Investment in Netflix, Inc. (NASDAQ:NFLX)

Kieckhefer Group LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,285 shares of the Internet television network’s stock, valued at approximately $4,711,000. Netflix makes up about 2.8% of Kieckhefer Group LLC’s portfolio, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of NFLX. Federated Hermes Inc. boosted its position in Netflix by 42.9% during the 2nd quarter. Federated Hermes Inc. now owns 72,844 shares of the Internet television network’s stock valued at $49,161,000 after purchasing an additional 21,858 shares during the period. 1ST Source Bank acquired a new stake in shares of Netflix in the 2nd quarter worth about $239,000. Thoroughbred Financial Services LLC lifted its position in Netflix by 99.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,802 shares of the Internet television network’s stock valued at $1,216,000 after purchasing an additional 897 shares during the last quarter. Lyell Wealth Management LP boosted its stake in Netflix by 10.3% during the 2nd quarter. Lyell Wealth Management LP now owns 12,891 shares of the Internet television network’s stock valued at $8,700,000 after purchasing an additional 1,203 shares during the period. Finally, Poehling Capital Management INC. bought a new position in Netflix in the 2nd quarter worth about $1,424,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now directly owns 35,262 shares in the company, valued at $26,975,430. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. This represents a 24.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock valued at $131,030,268 in the last three months. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

NASDAQ NFLX traded down $3.46 on Monday, reaching $834.23. The company’s stock had a trading volume of 1,136,667 shares, compared to its average volume of 2,786,353. The firm has a market cap of $356.60 billion, a PE ratio of 47.21, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75. The business has a 50-day moving average price of $878.06 and a 200 day moving average price of $753.78.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Sell-side analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. UBS Group boosted their target price on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company raised 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. Jefferies Financial Group boosted their price target on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. TD Cowen lifted their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Oppenheimer boosted their price objective on shares of Netflix from $825.00 to $1,065.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $824.00.

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.