Deane Retirement Strategies Inc. Acquires 32 Shares of Netflix, Inc. (NASDAQ:NFLX)

Deane Retirement Strategies Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,136 shares of the Internet television network’s stock after acquiring an additional 32 shares during the quarter. Netflix accounts for about 2.3% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 13th biggest position. Deane Retirement Strategies Inc.’s holdings in Netflix were worth $4,578,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the third quarter valued at $37,000. FSA Wealth Management LLC acquired a new position in Netflix during the third quarter worth $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix during the third quarter valued at $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 0.0 %

NASDAQ NFLX opened at $971.83 on Wednesday. Netflix, Inc. has a one year low of $542.01 and a one year high of $999.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The firm has a market cap of $415.42 billion, a P/E ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27. The stock’s 50-day moving average is $897.63 and its 200-day moving average is $770.43.

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 analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm posted $2.11 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. Sell-side analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NFLX. Pivotal Research upped their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Needham & Company LLC upped their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Jefferies Financial Group lifted their target price on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and increased their price target for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Finally, Loop Capital lifted their price objective on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insiders Place Their Bets

In other news, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,117 shares of company stock worth $123,913,691. Corporate 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.