Zhang Financial LLC Buys 434 Shares of Netflix, Inc. (NASDAQ:NFLX)

Zhang Financial LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 122.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 789 shares of the Internet television network’s stock after purchasing an additional 434 shares during the quarter. Zhang Financial LLC’s holdings in Netflix were worth $703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its holdings in shares of Netflix by 26.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 65,928 shares of the Internet television network’s stock worth $44,493,000 after buying an additional 13,848 shares during the period. Epoch Investment Partners Inc. lifted its position in Netflix by 27.1% during the second quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network’s stock worth $367,000 after acquiring an additional 116 shares during the last quarter. Edge Capital Group LLC boosted its holdings in shares of Netflix by 4.8% during the second quarter. Edge Capital Group LLC now owns 1,737 shares of the Internet television network’s stock worth $1,172,000 after acquiring an additional 79 shares during the period. Certified Advisory Corp increased its stake in shares of Netflix by 7.4% during the second quarter. Certified Advisory Corp now owns 1,156 shares of the Internet television network’s stock worth $780,000 after purchasing an additional 80 shares during the period. Finally, HighVista Strategies LLC acquired a new stake in Netflix during the 2nd quarter worth approximately $1,215,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on NFLX shares. BMO Capital Markets raised their price target on shares of Netflix from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Oppenheimer reduced their price target on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. KeyCorp lifted their price objective on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Canaccord Genuity Group increased their target price on Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Finally, UBS Group boosted their price target on Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $845.06.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $858.10 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a fifty-two week low of $476.06 and a fifty-two week high of $941.75. The stock’s 50-day simple moving average is $884.58 and its 200-day simple moving average is $759.58. The firm has a market capitalization of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.

Insider Activity at Netflix

In related news, Director Richard N. Barton sold 5,698 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the sale, the director now owns 246 shares of the company’s stock, valued at approximately $185,976. This represents a 95.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock worth $127,616,898 in the last three months. Insiders own 1.76% of the company’s stock.

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.