GSG Advisors LLC Invests $232,000 in Netflix, Inc. (NASDAQ:NFLX)

GSG Advisors LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 260 shares of the Internet television network’s stock, valued at approximately $232,000.

Several other large investors have also recently bought and sold shares of the company. PCA Investment Advisory Services Inc. grew its holdings in shares of Netflix by 4.6% in the 4th quarter. PCA Investment Advisory Services Inc. now owns 455 shares of the Internet television network’s stock valued at $406,000 after buying an additional 20 shares during the period. Signal Advisors Wealth LLC raised its position in shares of Netflix by 112.6% during the fourth quarter. Signal Advisors Wealth LLC now owns 791 shares of the Internet television network’s stock worth $705,000 after purchasing an additional 419 shares during the period. Traveka Wealth LLC lifted its holdings in shares of Netflix by 2.7% during the 4th quarter. Traveka Wealth LLC now owns 1,501 shares of the Internet television network’s stock valued at $1,338,000 after purchasing an additional 39 shares in the last quarter. Tsfg LLC grew its position in shares of Netflix by 9.5% in the 4th quarter. Tsfg LLC now owns 1,036 shares of the Internet television network’s stock valued at $923,000 after purchasing an additional 90 shares during the period. Finally, Signet Financial Management LLC increased its stake in Netflix by 12.4% during the 4th quarter. Signet Financial Management LLC now owns 473 shares of the Internet television network’s stock worth $422,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. Benchmark upped their price target on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a report on Friday, January 3rd. Barclays reaffirmed an “underweight” rating and issued a $550.00 target price on shares of Netflix in a research note on Friday, October 18th. Evercore ISI lifted their price target on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Citigroup upped their price objective on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $832.94.

Netflix Trading Up 0.3 %

Shares of NASDAQ NFLX opened at $840.29 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 52-week low of $475.26 and a 52-week high of $941.75. The stock has a market cap of $359.19 billion, a P/E ratio of 47.55, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The firm has a 50 day moving average price of $879.75 and a two-hundred day moving average price of $754.88.

Netflix (NASDAQ:NFLX) last announced its earnings results 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 business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. As a group, equities analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 over the last ninety days. 1.76% of the stock is owned by company 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.