Advisors Management Group Inc. ADV Invests $336,000 in Netflix, Inc. (NASDAQ:NFLX)

Advisors Management Group Inc. ADV purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 377 shares of the Internet television network’s stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WealthPLAN Partners LLC grew its position in shares of Netflix by 7.6% in the 2nd quarter. WealthPLAN Partners LLC now owns 943 shares of the Internet television network’s stock worth $636,000 after acquiring an additional 67 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in Netflix by 55.1% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 1,556 shares of the Internet television network’s stock worth $1,050,000 after purchasing an additional 553 shares during the last quarter. E Fund Management Co. Ltd. boosted its holdings in Netflix by 3.9% in the second quarter. E Fund Management Co. Ltd. now owns 6,378 shares of the Internet television network’s stock worth $4,304,000 after purchasing an additional 239 shares during the period. Meridian Wealth Partners LLC increased its stake in Netflix by 6.9% during the second quarter. Meridian Wealth Partners LLC now owns 356 shares of the Internet television network’s stock valued at $240,000 after purchasing an additional 23 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Netflix by 6.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 81,691 shares of the Internet television network’s stock worth $55,132,000 after purchasing an additional 4,831 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction 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 owns 246 shares of the company’s stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is owned by insiders.

Netflix Trading Up 2.4 %

Shares of NFLX opened at $848.26 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. The stock has a market cap of $362.60 billion, a PE ratio of 48.01, a PEG ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75. The stock has a 50 day simple moving average of $881.04 and a 200-day simple moving average of $755.96.

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

Analysts Set New Price Targets

Several research firms have recently commented on NFLX. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. UBS Group upped their target price on Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Sanford C. Bernstein increased their price target on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. Finally, TD Cowen increased their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $845.82.

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.