E Fund Management Hong Kong Co. Ltd. Purchases 137 Shares of Netflix, Inc. (NASDAQ:NFLX)

E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 285.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 185 shares of the Internet television network’s stock after acquiring an additional 137 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in Netflix were worth $165,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter worth $25,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the third quarter worth about $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix in the third quarter worth about $38,000. First Personal Financial Services bought a new stake in shares of Netflix in the 3rd quarter valued at about $40,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Netflix during the 4th quarter valued at about $43,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NFLX shares. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and issued a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Needham & Company LLC boosted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Down 0.7 %

Shares of Netflix stock opened at $977.59 on Monday. The company has a 50-day simple moving average of $895.13 and a two-hundred day simple moving average of $767.55. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The stock has a market capitalization of $417.88 billion, a PE ratio of 49.30, a price-to-earnings-growth 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 the consensus estimate 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%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.11 EPS. On average, analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,117 shares of company stock valued at $123,913,691 over the last ninety days. 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.