My Personal CFO LLC Buys Shares of 182 Netflix, Inc. (NASDAQ:NFLX)

My Personal CFO LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 182 shares of the Internet television network’s stock, valued at approximately $54,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Community Bank N.A. boosted its stake in Netflix by 10.0% in the third quarter. Community Bank N.A. now owns 385 shares of the Internet television network’s stock valued at $91,000 after acquiring an additional 35 shares during the period. Carolinas Wealth Consulting LLC boosted its position in Netflix by 27.6% during the 3rd quarter. Carolinas Wealth Consulting LLC now owns 162 shares of the Internet television network’s stock valued at $38,000 after purchasing an additional 35 shares during the period. Clearstead Advisors LLC grew its stake in Netflix by 4.2% during the 3rd quarter. Clearstead Advisors LLC now owns 1,017 shares of the Internet television network’s stock worth $239,000 after buying an additional 41 shares during the last quarter. Checchi Capital Advisers LLC increased its position in Netflix by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 3,624 shares of the Internet television network’s stock worth $815,000 after buying an additional 42 shares during the period. Finally, TCG Advisory Services LLC lifted its stake in Netflix by 2.6% in the second quarter. TCG Advisory Services LLC now owns 1,673 shares of the Internet television network’s stock valued at $293,000 after buying an additional 42 shares during the last quarter. 77.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NFLX. Robert W. Baird increased their price objective on shares of Netflix from $275.00 to $325.00 and gave the stock a “neutral” rating in a report on Friday, January 20th. Oppenheimer lifted their price target on Netflix from $400.00 to $415.00 and gave the company an “outperform” rating in a report on Friday, January 20th. Moffett Nathanson increased their price objective on Netflix from $240.00 to $250.00 and gave the stock a “market perform” rating in a report on Friday, January 20th. Rosenblatt Securities raised their target price on Netflix from $226.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, January 20th. Finally, Credit Suisse Group boosted their price target on Netflix from $271.00 to $291.00 and gave the stock a “neutral” rating in a research report on Friday, January 20th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $343.13.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 3,698 shares of the firm’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $352.94, for a total transaction of $1,305,172.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.39% of the stock is owned by insiders.

Netflix Trading Down 2.1 %

Shares of Netflix stock traded down $6.56 during trading on Friday, hitting $303.50. The stock had a trading volume of 6,918,777 shares, compared to its average volume of 5,874,887. Netflix, Inc. has a 1 year low of $162.71 and a 1 year high of $396.50. The stock has a 50 day simple moving average of $334.97 and a 200 day simple moving average of $292.69. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $135.16 billion, a PE ratio of 30.50, a P/E/G ratio of 1.44 and a beta of 1.26.

Netflix (NASDAQ:NFLX – Get Rating) last posted its quarterly earnings data on Thursday, January 19th. The Internet television network reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.35). The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.85 billion. Netflix had a return on equity of 23.06% and a net margin of 14.21%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 earnings per share. On average, research analysts expect that Netflix, Inc. will post 11.18 EPS for the current fiscal year.

About Netflix

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Netflix, Inc engages in providing entertainment services. It also offers a broad set of activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.