Consolidated Capital Management LLC Acquires 62 Shares of Netflix, Inc. (NASDAQ:NFLX)

Consolidated Capital Management LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,176 shares of the Internet television network’s stock after acquiring an additional 62 shares during the quarter. Netflix makes up approximately 0.5% of Consolidated Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Consolidated Capital Management LLC’s holdings in Netflix were worth $1,048,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix during the third quarter valued at about $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix during the third quarter worth about $38,000. Finally, First Personal Financial Services bought a new stake in shares of Netflix during the third quarter worth about $40,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 1.9 %

NFLX opened at $858.10 on Monday. Netflix, Inc. has a fifty-two week low of $476.06 and a fifty-two week high of $941.75. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50-day moving average is $884.58 and its 200 day moving average is $759.04.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on NFLX shares. Needham & Company LLC lifted their target price on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Barclays lifted their price target on shares of Netflix from $550.00 to $715.00 and gave the stock an “underweight” rating in a report on Tuesday, January 14th. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Benchmark lifted their target price on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a report on Friday, January 3rd. Finally, UBS Group increased their price target on Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has given 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 price target of $845.06.

Insider Buying and Selling

In other news, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at $185,976. This represents a 95.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is owned by corporate insiders.

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.