Netflix, Inc. (NASDAQ:NFLX) Position Boosted by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 17.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 200 shares of the Internet television network’s stock after purchasing an additional 29 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Netflix were worth $178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings 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 buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the third quarter worth approximately $37,000. FSA Wealth Management LLC acquired a new stake in Netflix in the third quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix in the third quarter worth approximately $40,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 0.5 %

Shares of NFLX opened at $973.24 on Friday. The stock has a market cap of $416.02 billion, a price-to-earnings ratio of 49.08, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00. The company has a 50-day moving average price of $901.54 and a two-hundred day moving average price of $774.15.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NFLX. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group increased their price objective on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Phillip Securities downgraded Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Finally, Needham & Company LLC boosted their target price on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 1,278 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the sale, the chief executive officer now owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This trade represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Insiders sold a total of 105,516 shares of company stock worth $92,377,637 over the last quarter. Company 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.