Smith Chas P & Associates PA Cpas Invests $319,000 in Netflix, Inc. (NASDAQ:NFLX)

Smith Chas P & Associates PA Cpas bought a new stake in Netflix, Inc. (NASDAQ:NFLXFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 358 shares of the Internet television network’s stock, valued at approximately $319,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Resource Group increased its position in Netflix by 0.7% during the third 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 last quarter. Insight Wealth Strategies LLC lifted its stake in shares of Netflix by 1.9% during the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after buying an additional 12 shares during the period. Sunflower Bank N.A. lifted its stake in Netflix by 2.1% during the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after acquiring an additional 12 shares during the period. D.B. Root & Company LLC raised its stake in shares of Netflix by 4.1% during the 4th 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 during the last quarter. Finally, New World Advisors LLC lifted its stake in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 617 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction 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 transaction, the chairman now owns 85 shares of the company’s stock, valued at $64,435.10. This represents a 99.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,117 shares of company stock valued at $123,913,691. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on NFLX shares. KeyCorp increased their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday. Evercore ISI boosted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday. Wedbush restated an “outperform” rating and issued a $1,150.00 price objective (up from $950.00) on shares of Netflix in a research note on Wednesday. Jefferies Financial Group lifted their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Loop Capital lifted their price objective on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday. Nine 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 stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

View Our Latest Research Report on Netflix

Netflix Price Performance

Shares of NFLX stock opened at $977.59 on Friday. 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 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $417.88 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. The business’s fifty day moving average is $895.13 and its 200 day moving average is $766.98.

Netflix (NASDAQ:NFLXGet Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.11 earnings per share. Research analysts expect that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Netflix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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