Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Yeomans Consulting Group Inc.

Yeomans Consulting Group Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 39.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 704 shares of the Internet television network’s stock after acquiring an additional 200 shares during the period. Yeomans Consulting Group Inc.’s holdings in Netflix were worth $627,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Resource Group grew its position in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after acquiring an additional 12 shares during the period. Insight Wealth Strategies LLC grew its holdings in Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after purchasing an additional 12 shares during the period. Sunflower Bank N.A. increased its position in shares of Netflix by 2.1% in the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after buying an additional 12 shares in the last quarter. D.B. Root & Company LLC increased its position in shares of Netflix by 4.1% in the fourth quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock valued at $295,000 after buying an additional 13 shares in the last quarter. Finally, New World Advisors LLC raised its stake in shares of Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after buying an additional 14 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. KeyCorp boosted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen boosted their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and increased their target price for the company from $940.00 to $1,150.00 in a report on Wednesday. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $996.94.

Netflix Trading Up 3.2 %

NASDAQ NFLX opened at $984.86 on Friday. Netflix, Inc. has a 12 month low of $537.07 and a 12 month high of $999.00. The stock has a market capitalization of $420.99 billion, a P/E ratio of 49.67, a PEG ratio of 1.53 and a beta of 1.27. The firm’s 50-day moving average is $889.11 and its two-hundred day moving average is $763.41. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. During the same period in the prior year, the business posted $2.11 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 41,601 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the sale, the chairman now directly owns 85 shares in the company, valued at $64,435.10. This represents a 99.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,500 shares of company stock worth $123,309,210 over the last ninety days. Company insiders own 1.76% of the company’s stock.

About Netflix

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.