Manuka Financial LLC Buys Shares of 371 Netflix, Inc. (NASDAQ:NFLX)

Manuka Financial LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 371 shares of the Internet television network’s stock, valued at approximately $331,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Chicago Partners Investment Group LLC lifted its position in Netflix by 5.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 3,137 shares of the Internet television network’s stock valued at $2,745,000 after acquiring an additional 160 shares during the last quarter. New Millennium Group LLC lifted its holdings in shares of Netflix by 34.1% during the 4th quarter. New Millennium Group LLC now owns 1,865 shares of the Internet television network’s stock valued at $1,662,000 after purchasing an additional 474 shares during the last quarter. Everett Harris & Co. CA boosted its position in shares of Netflix by 1.3% in the 4th quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock worth $775,000 after purchasing an additional 11 shares in the last quarter. Total Clarity Wealth Management Inc. boosted its position in shares of Netflix by 17.8% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 357 shares of the Internet television network’s stock worth $318,000 after purchasing an additional 54 shares in the last quarter. Finally, Clear Creek Financial Management LLC grew its stake in Netflix by 85.2% during the 4th quarter. Clear Creek Financial Management LLC now owns 1,406 shares of the Internet television network’s stock worth $1,253,000 after buying an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.4 %

Shares of NASDAQ NFLX opened at $976.76 on Friday. The company has a 50 day simple moving average of $904.67 and a 200-day simple moving average of $777.76. The company has a market capitalization of $417.82 billion, a P/E ratio of 49.26, a P/E/G ratio of 2.03 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00.

Netflix (NASDAQ:NFLX) last announced its quarterly 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. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,516 shares of company stock valued at $92,377,637. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NFLX shares. BMO Capital Markets reissued an “outperform” rating and issued a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Morgan Stanley boosted their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, TD Cowen upped their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix 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.