Joel Isaacson & Co. LLC Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Joel Isaacson & Co. LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,032 shares of the Internet television network’s stock after buying an additional 88 shares during the period. Joel Isaacson & Co. LLC’s holdings in Netflix were worth $4,485,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. increased its position 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 purchasing an additional 42 shares in the last quarter. Newton One Investments LLC acquired a new position in Netflix in the 4th quarter valued at about $34,000. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the 3rd quarter valued at about $37,000. Finally, FSA Wealth Management LLC purchased a new position in Netflix in the 3rd quarter valued at about $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold a total of 299,517 shares of company stock valued at $285,805,037 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NFLX. Guggenheim boosted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Bank of America upped their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, KeyCorp raised their price target on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Performance

Netflix stock opened at $1,013.93 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s fifty day moving average price is $914.82 and its 200 day moving average price is $787.62. The company has a market capitalization of $433.72 billion, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,027.76.

Netflix (NASDAQ:NFLX) last released 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 return on equity of 38.32% and a net margin of 22.34%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

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.