Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Donoghue Forlines LLC

Donoghue Forlines LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,279 shares of the Internet television network’s stock after purchasing an additional 139 shares during the period. Donoghue Forlines LLC’s holdings in Netflix were worth $2,031,000 as of its most recent SEC filing.

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

Insider Transactions at Netflix

In other Netflix news, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now owns 246 shares in the company, valued at approximately $185,976. This represents a 95.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock valued at $127,616,898 over the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $972.41 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1 year low of $537.07 and a 1 year high of $999.00. The company has a market cap of $415.67 billion, a PE ratio of 49.17, a PEG ratio of 1.41 and a beta of 1.27. The stock’s 50-day moving average price is $889.11 and its two-hundred day moving average price is $763.41.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 39.48%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter in the prior year, the firm earned $2.11 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts predict that Netflix, Inc. will post 23.43 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group boosted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Robert W. Baird lifted their target price on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday. Wedbush reissued an “outperform” rating and issued a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Nine research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $996.94.

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.