601 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by one8zero8 LLC

one8zero8 LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 601 shares of the Internet television network’s stock, valued at approximately $536,000.

Several other hedge funds also recently bought and sold shares of the stock. Choate Investment Advisors lifted its stake in shares of Netflix by 30.2% during the fourth quarter. Choate Investment Advisors now owns 2,922 shares of the Internet television network’s stock valued at $2,604,000 after buying an additional 678 shares during the period. Harbour Investment Management LLC lifted its stake in shares of Netflix by 26.0% during the 4th quarter. Harbour Investment Management LLC now owns 485 shares of the Internet television network’s stock worth $432,000 after purchasing an additional 100 shares during the period. Copperwynd Financial LLC boosted its holdings in shares of Netflix by 77.2% during the fourth quarter. Copperwynd Financial LLC now owns 3,150 shares of the Internet television network’s stock worth $2,808,000 after purchasing an additional 1,372 shares during the last quarter. Poinciana Advisors Group LLC purchased a new stake in shares of Netflix in the fourth quarter valued at $204,000. Finally, Kestra Advisory Services LLC increased its stake in Netflix by 5.0% in the fourth quarter. Kestra Advisory Services LLC now owns 48,391 shares of the Internet television network’s stock valued at $43,132,000 after purchasing an additional 2,289 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 3.1 %

NASDAQ NFLX opened at $918.00 on Monday. The company has a market capitalization of $392.68 billion, a price-to-earnings ratio of 46.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company’s fifty day moving average price is $951.04 and its two-hundred day moving average price is $849.90.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the firm’s 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 directly owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NFLX has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Phillip Securities lowered shares of Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,014.26.

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.