Netflix, Inc. (NASDAQ:NFLX) Shares Bought by New Millennium Group LLC

New Millennium Group LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 34.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,865 shares of the Internet television network’s stock after purchasing an additional 474 shares during the quarter. Netflix makes up about 1.0% of New Millennium Group LLC’s investment portfolio, making the stock its 26th largest holding. New Millennium Group LLC’s holdings in Netflix were worth $1,662,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Netflix by 700.0% during 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 acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix in the third quarter worth $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix during the third quarter valued at $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix in the third quarter worth about $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on NFLX shares. Evercore ISI boosted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Wedbush reaffirmed an “outperform” rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, TD Cowen upped their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the transaction, the chief executive officer now owns 2,556 shares in the company, valued at $1,960,579.80. This trade represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the business’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 transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 105,516 shares of company stock worth $92,377,637 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.4 %

Shares of NFLX stock opened at $976.76 on Friday. The company has a market capitalization of $417.82 billion, a P/E ratio of 49.26, a P/E/G ratio of 2.03 and a beta of 1.27. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $903.09 and a 200 day moving average price of $775.54.

Netflix (NASDAQ:NFLX) last released 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. The firm had revenue of $10.25 billion during 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 was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $2.11 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.