Saxon Interests Inc. Acquires Shares of 269 Netflix, Inc. (NASDAQ:NFLX)

Saxon Interests Inc. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 269 shares of the Internet television network’s stock, valued at approximately $240,000.

Other hedge funds have also modified their holdings of the company. Avanza Fonder AB purchased a new stake in Netflix during the fourth quarter worth about $26,328,000. Procyon Advisors LLC lifted its position in shares of Netflix by 10.4% during the 4th quarter. Procyon Advisors LLC now owns 19,591 shares of the Internet television network’s stock valued at $17,462,000 after acquiring an additional 1,839 shares during the period. Goldstone Financial Group LLC boosted its stake in shares of Netflix by 33.9% during the 4th quarter. Goldstone Financial Group LLC now owns 817 shares of the Internet television network’s stock worth $728,000 after acquiring an additional 207 shares in the last quarter. Capital Planning LLC acquired a new stake in shares of Netflix in the 4th quarter worth approximately $809,000. Finally, Decker Retirement Planning Inc. purchased a new position in Netflix in the 4th quarter valued at approximately $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. BMO Capital Markets raised their price target on Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday. Pivotal Research increased their price target on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Benchmark lifted their price objective on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. Needham & Company LLC increased their target price on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, The Goldman Sachs Group boosted their price target on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $845.06.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the stock in a transaction 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 completion of the sale, the director now owns 246 shares of the company’s stock, valued at $185,976. The trade was a 95.86 % 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 three months. Insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.6 %

NFLX stock opened at $856.08 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $365.94 billion, a PE ratio of 48.32, a P/E/G ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a 12 month low of $476.06 and a 12 month high of $941.75. The firm has a 50 day simple moving average of $882.41 and a 200 day simple moving average of $756.61.

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

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.