Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by JCIC Asset Management Inc.

JCIC Asset Management Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 24.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 558 shares of the Internet television network’s stock after acquiring an additional 110 shares during the period. JCIC Asset Management Inc.’s holdings in Netflix were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Netflix by 700.0% in 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 acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the third quarter valued at $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix during the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the 3rd quarter worth about $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $2.80 during trading hours on Monday, hitting $834.89. The stock had a trading volume of 1,912,157 shares, compared to its average volume of 2,911,568. 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 stock’s fifty day simple moving average is $878.06 and its 200 day simple moving average is $753.78. The firm has a market capitalization of $356.88 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 1-year low of $475.26 and a 1-year high of $941.75.

Netflix (NASDAQ:NFLX) last released its quarterly 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 company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Sell-side analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the subject of several research analyst reports. Barclays reaffirmed an “underweight” rating and set a $550.00 price target on shares of Netflix in a research report on Friday, October 18th. Bank of America upped their price objective on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lowered their price target on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday. Evercore ISI raised their price objective on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Finally, UBS Group boosted their target price on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $832.94.

Insider Activity

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction that occurred on Wednesday, November 20th. The stock was 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. Insiders sold 156,742 shares of company stock worth $131,030,268 over the last three months. Corporate insiders own 1.76% of the company’s stock.

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.