Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 824 shares of the Internet television network’s stock after purchasing an additional 36 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Netflix were worth $734,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. AMF Tjanstepension AB lifted its holdings in shares of Netflix by 7.4% during the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after purchasing an additional 4,701 shares during the period. Swedbank AB lifted its holdings in shares of Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares during the period. Stanley Laman Group Ltd. lifted its holdings in shares of Netflix by 40.7% during the third quarter. Stanley Laman Group Ltd. now owns 1,079 shares of the Internet television network’s stock worth $765,000 after purchasing an additional 312 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Netflix by 4.5% during the third quarter. Private Advisor Group LLC now owns 24,810 shares of the Internet television network’s stock worth $17,597,000 after purchasing an additional 1,060 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Netflix during the third quarter worth about $990,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,939 shares of the firm’s 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 transaction, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. This represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,024.54 on Friday. The stock’s 50-day moving average is $938.86 and its two-hundred day moving average is $815.63. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a market cap of $438.26 billion, a price-to-earnings ratio of 51.67, a price-to-earnings-growth ratio of 2.16 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the business posted $2.11 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Evercore ISI boosted their price target on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Macquarie boosted their price target on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Wedbush reissued an “outperform” rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.