Brooklyn Investment Group Raises Position in Netflix, Inc. (NASDAQ:NFLX)

Brooklyn Investment Group raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,133 shares of the Internet television network’s stock after acquiring an additional 165 shares during the quarter. Netflix makes up 0.8% of Brooklyn Investment Group’s portfolio, making the stock its 22nd largest holding. Brooklyn Investment Group’s holdings in Netflix were worth $2,793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sax Wealth Advisors LLC lifted its holdings in Netflix by 20.6% in the 4th quarter. Sax Wealth Advisors LLC now owns 2,282 shares of the Internet television network’s stock worth $2,034,000 after purchasing an additional 390 shares in the last quarter. Merit Financial Group LLC grew its stake in Netflix by 39.5% during the fourth quarter. Merit Financial Group LLC now owns 11,217 shares of the Internet television network’s stock valued at $9,998,000 after acquiring an additional 3,174 shares in the last quarter. Boston Common Asset Management LLC lifted its stake in Netflix by 47.1% in the 4th quarter. Boston Common Asset Management LLC now owns 38,196 shares of the Internet television network’s stock worth $34,045,000 after purchasing an additional 12,228 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Netflix by 4.4% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,043 shares of the Internet television network’s stock valued at $930,000 after purchasing an additional 44 shares during the last quarter. Finally, Saxon Interests Inc. purchased a new position in shares of Netflix during the fourth quarter valued at about $240,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $858.10 on Friday. Netflix, Inc. has a 1-year low of $476.06 and a 1-year high of $941.75. The stock has a market cap of $366.80 billion, a PE ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27. The firm has a 50-day simple moving average of $883.32 and a two-hundred day simple moving average of $757.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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

Insiders Place Their Bets

In related news, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock worth $127,616,898 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of research reports. Loop Capital dropped their price target on Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a research note on Thursday. Wells Fargo & Company increased their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Canaccord Genuity Group boosted their price target on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. KeyCorp boosted their price target on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Needham & Company LLC boosted their target price on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $845.06.

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.