KFA Private Wealth Group LLC Buys New Position in Netflix, Inc. (NASDAQ:NFLX)

KFA Private Wealth Group LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 283 shares of the Internet television network’s stock, valued at approximately $252,000.

Several other hedge funds have also modified their holdings of the stock. Advisory Resource Group grew its position in shares of Netflix by 0.7% in the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after acquiring an additional 12 shares in the last quarter. Insight Wealth Strategies LLC grew its position in shares of Netflix by 1.9% in the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after acquiring an additional 12 shares in the last quarter. Sunflower Bank N.A. grew its position in shares of Netflix by 2.1% in the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock worth $513,000 after acquiring an additional 12 shares in the last quarter. D.B. Root & Company LLC grew its position in shares of Netflix by 4.1% in the 4th quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock worth $295,000 after acquiring an additional 13 shares in the last quarter. Finally, New World Advisors LLC grew its position in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after acquiring an additional 14 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,117 shares of company stock valued at $123,913,691 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and lifted their target price for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Guggenheim boosted their price objective on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Citigroup boosted their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Ten equities 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $971.89 on Tuesday. The business’s 50-day simple moving average is $895.13 and its 200-day simple moving average is $768.18. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00. The firm has a market cap of $415.44 billion, a price-to-earnings ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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 return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period last year, the business earned $2.11 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts expect that Netflix, Inc. will post 23.72 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.