Capital Market Strategies LLC Makes New $472,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Capital Market Strategies LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 530 shares of the Internet television network’s stock, valued at approximately $472,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC bought a new position in Netflix in the third quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its position 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 worth $34,000 after purchasing an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix in the 3rd quarter worth $37,000. FSA Wealth Management LLC acquired a new stake in Netflix in the 3rd quarter valued at $38,000. Finally, First Personal Financial Services bought a new stake in Netflix during the 3rd quarter valued at $40,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, 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. Over the last three months, insiders have sold 150,761 shares of company stock worth $125,713,484. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NFLX. Morgan Stanley raised their price objective on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. The Goldman Sachs Group set a $750.00 price objective on Netflix in a research note on Friday, October 18th. Jefferies Financial Group lifted their target price on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Macquarie reissued an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $821.27.

Netflix Price Performance

NASDAQ NFLX traded down $5.88 on Monday, hitting $875.17. The stock had a trading volume of 1,647,913 shares, compared to its average volume of 2,267,756. The firm has a 50-day moving average of $866.57 and a 200-day moving average of $746.99. 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 52-week low of $472.95 and a 52-week high of $941.75. The company has a market capitalization of $374.10 billion, a price-to-earnings ratio of 49.53, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Equities analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

About Netflix

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.