Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,705 shares of the Internet television network’s stock after acquiring an additional 23 shares during the quarter. Simon Quick Advisors LLC’s holdings in Netflix were worth $5,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 buying an additional 42 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the third quarter valued at about $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the third quarter worth about $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix in the third quarter worth approximately $40,000. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is currently owned by company insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $869.68 on Wednesday. The company has a market cap of $371.75 billion, a price-to-earnings ratio of 49.22, a PEG ratio of 1.40 and a beta of 1.27. The business has a 50 day moving average price of $885.64 and a 200 day moving average price of $760.81. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $479.90 and a twelve month high of $941.75.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same period in the prior year, the business earned $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts predict that Netflix, Inc. will post 19.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Evercore ISI upped their price target on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Wells Fargo & Company raised their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Canaccord Genuity Group upped their price target on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Oppenheimer reduced their price objective on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $680.00 target price on shares of Netflix in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $845.06.

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.