Stonebridge Financial Group LLC Takes $709,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Stonebridge Financial Group LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, Holdings Channel reports. The institutional investor bought 795 shares of the Internet television network’s stock, valued at approximately $709,000.

A number of other hedge funds have also made changes to their positions in NFLX. Core Alternative Capital increased its holdings in Netflix by 30.0% during the 4th quarter. Core Alternative Capital now owns 65 shares of the Internet television network’s stock valued at $58,000 after purchasing an additional 15 shares in the last quarter. Essex Financial Services Inc. grew its holdings in shares of Netflix by 0.9% during the fourth quarter. Essex Financial Services Inc. now owns 2,062 shares of the Internet television network’s stock worth $1,838,000 after purchasing an additional 18 shares during the last quarter. Mill Creek Capital Advisors LLC acquired a new stake in shares of Netflix in the fourth quarter valued at $276,000. Summit Trail Advisors LLC raised its holdings in shares of Netflix by 30.1% in the fourth quarter. Summit Trail Advisors LLC now owns 6,703 shares of the Internet television network’s stock valued at $5,975,000 after buying an additional 1,552 shares during the last quarter. Finally, Sapient Capital LLC raised its holdings in shares of Netflix by 1.9% in the fourth quarter. Sapient Capital LLC now owns 87,844 shares of the Internet television network’s stock valued at $78,297,000 after buying an additional 1,663 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,809 shares of company stock valued at $290,374,484. 1.76% of the stock is owned by insiders.

Netflix Stock Down 1.9 %

Netflix stock opened at $1,008.08 on Wednesday. The company has a 50 day moving average of $919.96 and a 200-day moving average of $795.06. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,032.85. The stock has a market capitalization of $431.22 billion, a PE ratio of 50.84, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released 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. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and raised their price objective for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and raised their price target for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Oppenheimer lifted their target price on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Bank of America upped their price target on Netflix from $1,000.00 to $1,175.00 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

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.