Buffington Mohr McNeal Invests $202,000 in Netflix, Inc. (NASDAQ:NFLX)

Buffington Mohr McNeal bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 227 shares of the Internet television network’s stock, valued at approximately $202,000.

A number of other hedge funds also recently modified their holdings of the business. Magnolia Capital Advisors LLC boosted its holdings in shares of Netflix by 3.0% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 961 shares of the Internet television network’s stock worth $649,000 after buying an additional 28 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Netflix by 0.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 65,081 shares of the Internet television network’s stock worth $43,919,000 after acquiring an additional 482 shares during the period. Sunbelt Securities Inc. boosted its stake in Netflix by 5.4% during the second quarter. Sunbelt Securities Inc. now owns 3,599 shares of the Internet television network’s stock valued at $2,429,000 after buying an additional 185 shares during the period. Wellington Wealth Strategies LLC. purchased a new position in shares of Netflix during the second quarter worth about $435,000. Finally, Teewinot Capital Advisers L.L.C. increased its holdings in shares of Netflix by 15.6% in the 2nd quarter. Teewinot Capital Advisers L.L.C. now owns 153,027 shares of the Internet television network’s stock worth $103,275,000 after buying an additional 20,691 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent research reports. Loop Capital boosted their target price on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. TD Cowen raised their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a report on Thursday, January 23rd. KeyCorp increased their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insiders Place Their Bets

In related news, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock valued at $123,913,691 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of Netflix stock opened at $971.89 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The firm has a fifty day simple moving average of $895.13 and a 200-day simple moving average of $768.18. The stock has a market capitalization of $415.44 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 data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 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% on a year-over-year basis. During the same period in the previous year, the business posted $2.11 earnings per share. On average, sell-side analysts expect that Netflix, Inc. will post 23.72 earnings per share for the current year.

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.