HBW Advisory Services LLC Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

HBW Advisory Services LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,114 shares of the Internet television network’s stock after purchasing an additional 482 shares during the period. HBW Advisory Services LLC’s holdings in Netflix were worth $3,667,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC purchased a new position in Netflix during the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Netflix by 700.0% during 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 in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Netflix during the 3rd quarter valued at about $37,000. FSA Wealth Management LLC purchased a new position in Netflix during the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new stake in shares of Netflix during the third quarter worth about $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. This represents a 1.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $43,362,265.80. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NFLX. Rosenblatt Securities lifted their price target on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a $825.00 price target (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Evercore ISI lifted their price target on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Macquarie reiterated an “outperform” rating and set a $795.00 price target on shares of Netflix in a report on Friday, October 18th. Finally, Oppenheimer lifted their price target on shares of Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $824.00.

Netflix Stock Down 3.3 %

NASDAQ NFLX traded down $29.11 on Friday, reaching $845.89. The company had a trading volume of 2,829,401 shares, compared to its average volume of 2,753,515. The firm has a market capitalization of $361.58 billion, a PE ratio of 47.87, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75. The firm has a 50-day moving average of $876.43 and a 200-day moving average of $751.52. 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 (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 analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, equities research analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

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.