Merit Financial Group LLC Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

Merit Financial Group LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 39.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,217 shares of the Internet television network’s stock after purchasing an additional 3,174 shares during the period. Merit Financial Group LLC’s holdings in Netflix were worth $9,998,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of 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 valued at $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the 3rd quarter worth $37,000. FSA Wealth Management LLC purchased a new position in Netflix during the 3rd quarter worth $38,000. Finally, First Personal Financial Services purchased a new position in Netflix during the 3rd quarter worth $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Netflix news, 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 value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated 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 have sold 152,198 shares of company stock worth $127,616,898 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Up 1.9 %

Shares of NFLX opened at $858.10 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 1-year low of $476.06 and a 1-year high of $941.75. The stock has a market cap of $366.80 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The firm has a 50 day simple moving average of $883.32 and a 200-day simple moving average of $757.20.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share 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 the consensus estimate of $9.77 billion. Equities analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NFLX shares. TD Cowen increased their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $680.00 price objective on shares of Netflix in a research report on Thursday. Wedbush reissued an “outperform” rating and issued a $950.00 target price (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. Loop Capital decreased their price target on Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a report on Thursday. Finally, KeyCorp boosted their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has assigned 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 price target of $845.06.

About Netflix

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.