Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 645 shares of the Internet television network’s stock after purchasing an additional 36 shares during the period. Armstrong Advisory Group Inc.’s holdings in Netflix were worth $575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. WealthPLAN Partners LLC grew its position in Netflix by 7.6% during the 2nd quarter. WealthPLAN Partners LLC now owns 943 shares of the Internet television network’s stock worth $636,000 after purchasing an additional 67 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its position in shares of Netflix by 55.1% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 1,556 shares of the Internet television network’s stock worth $1,050,000 after buying an additional 553 shares during the period. E Fund Management Co. Ltd. grew its holdings in shares of Netflix by 3.9% during the second quarter. E Fund Management Co. Ltd. now owns 6,378 shares of the Internet television network’s stock valued at $4,304,000 after buying an additional 239 shares in the last quarter. Meridian Wealth Partners LLC raised its position in Netflix by 6.9% during the second quarter. Meridian Wealth Partners LLC now owns 356 shares of the Internet television network’s stock valued at $240,000 after buying an additional 23 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Netflix by 6.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 81,691 shares of the Internet television network’s stock worth $55,132,000 after acquiring an additional 4,831 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $848.26 on Thursday. The company has a market cap of $362.60 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.35 and a beta of 1.27. The business has a 50 day moving average price of $881.04 and a 200 day moving average price of $755.96. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $475.26 and a twelve month high of $941.75.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on NFLX shares. Argus lifted their target price on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Jefferies Financial Group boosted their price objective 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. Wedbush reiterated an “outperform” rating and issued a $950.00 target price (up previously from $800.00) on shares of Netflix in a research report on Monday, November 18th. Evercore ISI boosted their price target on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Finally, Rosenblatt Securities increased their price objective on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $845.82.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. The trade was a 24.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock worth $131,030,268 in the last ninety days. 1.76% of the stock is currently owned by insiders.

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.