Financial Life Planners Buys New Shares in Netflix, Inc. (NASDAQ:NFLX)

Financial Life Planners purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 319 shares of the Internet television network’s stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NFLX. AMF Tjanstepension AB boosted its stake in shares of Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares in the last quarter. Czech National Bank lifted its stake in shares of Netflix by 6.5% in the 3rd quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock valued at $62,008,000 after acquiring an additional 5,312 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Netflix by 29.4% during the 3rd quarter. GAMMA Investing LLC now owns 7,119 shares of the Internet television network’s stock valued at $5,049,000 after acquiring an additional 1,618 shares during the period. Diversified Trust Co grew its position in Netflix by 69.1% during the 3rd quarter. Diversified Trust Co now owns 10,635 shares of the Internet television network’s stock worth $7,544,000 after acquiring an additional 4,347 shares during the last quarter. Finally, Smith Anglin Financial LLC increased its stake in Netflix by 28.4% in the 3rd quarter. Smith Anglin Financial LLC now owns 457 shares of the Internet television network’s stock worth $324,000 after purchasing an additional 101 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 0.4 %

NFLX opened at $976.76 on Monday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $999.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average price of $904.67 and a 200-day moving average price of $779.53. The stock has a market capitalization of $417.82 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 2.02 and a beta of 1.27.

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. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the transaction, the chief executive officer now owns 2,556 shares of the company’s stock, valued at $1,960,579.80. This trade represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,516 shares of company stock worth $92,377,637. 1.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. TD Cowen increased their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and boosted their target price for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Finally, Bank of America lifted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.