One Day In July LLC Takes $258,000 Position in Netflix, Inc. (NASDAQ:NFLX)

One Day In July LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 289 shares of the Internet television network’s stock, valued at approximately $258,000.

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at approximately $25,000. Pathway Financial Advisers LLC raised its holdings in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. Newton One Investments LLC bought a new position in shares of Netflix during the fourth quarter valued at approximately $34,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent analyst reports. Macquarie upped their target price on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Phillip Securities downgraded Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Arete Research upgraded Netflix to a “hold” rating in a report on Thursday, January 23rd. Pivotal Research increased their price objective on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, KeyCorp increased their price objective on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Ten investment 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, the stock has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Trading Down 1.8 %

Netflix stock opened at $1,024.54 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The stock has a market capitalization of $438.26 billion, a PE ratio of 51.67, a price-to-earnings-growth ratio of 2.16 and a beta of 1.27. The business’s fifty day moving average is $938.86 and its 200 day moving average is $815.63.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping 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 return on equity of 38.32% and a net margin of 22.34%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $2.11 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 303,220 shares of company stock valued at $289,856,164. Insiders own 1.76% of the company’s stock.

Netflix Company 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.