Deane Retirement Strategies Inc. Buys 32 Shares of Netflix, Inc. (NASDAQ:NFLX)

Deane Retirement Strategies Inc. lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,136 shares of the Internet television network’s stock after buying an additional 32 shares during the quarter. Netflix comprises approximately 2.3% of Deane Retirement Strategies Inc.’s holdings, making the stock its 13th biggest position. Deane Retirement Strategies Inc.’s holdings in Netflix were worth $4,578,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the 3rd quarter valued at 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. Decker Retirement Planning Inc. acquired a new position in Netflix during the fourth quarter worth approximately $43,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the third quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC bought a new position in shares of Netflix during the 3rd quarter worth approximately $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research analyst reports. Pivotal Research increased their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Loop Capital lifted their target price on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Citigroup increased their price target on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 1,278 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the transaction, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at $1,960,579.80. This trade represents a 33.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock worth $123,913,691 in the last quarter. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

NASDAQ NFLX opened at $971.83 on Wednesday. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The stock has a market cap of $415.42 billion, a PE ratio of 49.01, a PEG ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The firm’s fifty day moving average price is $897.63 and its two-hundred day moving average price is $770.43.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the firm earned $2.11 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities analysts expect that Netflix, Inc. will post 23.72 EPS 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.