Littlejohn Financial Services Inc. Invests $201,000 in Netflix, Inc. (NASDAQ:NFLX)

Littlejohn Financial Services Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 226 shares of the Internet television network’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nordea Investment Management AB lifted its stake in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after acquiring an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after purchasing an additional 29,726 shares in the last quarter. Natixis Advisors LLC raised its position in Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after purchasing an additional 11,921 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after purchasing an additional 1,684 shares in the last quarter. Finally, Quilter Plc grew its holdings in shares of Netflix by 8.2% during the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock worth $128,133,000 after purchasing an additional 10,946 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares in the company, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 303,809 shares of company stock worth $290,374,484 over the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Up 1.6 %

Netflix stock opened at $1,043.69 on Friday. The firm has a market capitalization of $446.45 billion, a price-to-earnings ratio of 52.63, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The firm’s fifty day moving average price is $924.40 and its two-hundred day moving average price is $799.32. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,045.99. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share 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 $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NFLX. UBS Group lifted their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their target price on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Argus upped their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.