Stanley Laman Group Ltd. Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Stanley Laman Group Ltd. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 767 shares of the Internet television network’s stock, valued at approximately $373,000.

Several other large investors also recently modified their holdings of the business. Regent Peak Wealth Advisors LLC boosted its stake in shares of Netflix by 1.6% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 21 shares during the period. Capital Advisors Ltd. LLC increased its stake in Netflix by 5.9% in the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock worth $191,000 after purchasing an additional 22 shares during the period. Centurion Wealth Management LLC lifted its position in shares of Netflix by 2.4% during the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock worth $479,000 after purchasing an additional 23 shares during the last quarter. Secure Asset Management LLC grew its holdings in shares of Netflix by 2.7% in the fourth quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock worth $440,000 after purchasing an additional 24 shares during the last quarter. Finally, Key Financial Inc lifted its holdings in Netflix by 14.4% during the 3rd quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock valued at $75,000 after buying an additional 25 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Reed Hastings sold 20,734 shares of Netflix stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total transaction of $11,759,495.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. Insiders have sold a total of 154,573 shares of company stock valued at $89,548,241 over the last ninety days. Corporate insiders own 2.45% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock traded down $3.57 on Friday, hitting $561.23. The company’s stock had a trading volume of 4,328,174 shares, compared to its average volume of 4,516,832. The company has a market capitalization of $241.83 billion, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22. The firm has a fifty day moving average price of $604.54 and a 200-day moving average price of $519.46. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.07. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the previous year, the business earned $2.88 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. KeyCorp raised their target price on shares of Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Oppenheimer reissued an “outperform” rating and set a $725.00 price target on shares of Netflix in a research report on Friday, April 19th. Robert W. Baird lifted their price objective on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Pivotal Research increased their target price on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Wells Fargo & Company boosted their price target on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $630.58.

Netflix Company 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.