Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Brooklyn Investment Group

Brooklyn Investment Group grew its position in Netflix, Inc. (NASDAQ:NFLX) by 5.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,133 shares of the Internet television network’s stock after acquiring an additional 165 shares during the quarter. Netflix comprises about 0.8% of Brooklyn Investment Group’s holdings, making the stock its 22nd largest position. Brooklyn Investment Group’s holdings in Netflix were worth $2,793,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Advisory Resource Group boosted its position in shares of Netflix by 0.7% in the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after buying an additional 12 shares during the period. Insight Wealth Strategies LLC boosted its position in shares of Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after buying an additional 12 shares during the period. Sunflower Bank N.A. boosted its position in Netflix by 2.1% during the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock worth $513,000 after acquiring an additional 12 shares during the period. New World Advisors LLC boosted its position in Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after acquiring an additional 14 shares during the period. Finally, Heartland Bank & Trust Co boosted its position in Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NFLX. Rosenblatt Securities restated a “neutral” rating and set a $680.00 price target on shares of Netflix in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Argus lifted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Canaccord Genuity Group lifted their price objective on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. reduced their price target on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix Stock Up 1.9 %

Shares of NFLX opened at $858.10 on Friday. The firm has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The business’s fifty day moving average price is $883.32 and its two-hundred day moving average price is $757.20. Netflix, Inc. has a 52 week low of $476.06 and a 52 week high of $941.75.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insider Activity

In related news, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the transaction, the director now owns 246 shares of the company’s stock, valued at $185,976. This trade represents a 95.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by 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.