Moody Lynn & Lieberson LLC Acquires 324 Shares of Netflix, Inc. (NASDAQ:NFLX)

Moody Lynn & Lieberson LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,712 shares of the Internet television network’s stock after acquiring an additional 324 shares during the period. Netflix accounts for approximately 2.0% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 15th largest position. Moody Lynn & Lieberson LLC’s holdings in Netflix were worth $31,831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Netflix by 700.0% during the third 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 during the period. MidAtlantic Capital Management Inc. acquired a new position in Netflix during the third quarter worth approximately $37,000. FSA Wealth Management LLC bought a new stake in Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services acquired a new stake in shares of Netflix in the third quarter valued at approximately $40,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday. Pivotal Research lifted their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday. Wedbush restated an “outperform” rating and set a $1,150.00 price objective (up from $950.00) on shares of Netflix in a research report on Wednesday. Macquarie upped their target price on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Morgan Stanley lifted their price target on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Price Performance

NFLX stock opened at $977.59 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $417.88 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. The company’s fifty day simple moving average is $895.13 and its 200 day simple moving average is $766.98. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 EPS. On average, analysts expect that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Activity

In related news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. This represents a 99.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,117 shares of company stock worth $123,913,691 in the last quarter. 1.76% of the stock is owned by corporate insiders.

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.