Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Northstar Advisory Group LLC

Northstar Advisory Group LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,806 shares of the Internet television network’s stock after buying an additional 515 shares during the period. Netflix accounts for approximately 1.4% of Northstar Advisory Group LLC’s portfolio, making the stock its 22nd largest holding. Northstar Advisory Group LLC’s holdings in Netflix were worth $2,340,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Planned Solutions Inc. acquired a new position in shares of Netflix in the fourth quarter worth $83,000. Courier Capital LLC purchased a new stake in Netflix in the fourth quarter valued at $250,000. IFG Advisory LLC purchased a new stake in Netflix in the fourth quarter valued at $244,000. Highland Capital Management LLC raised its holdings in shares of Netflix by 7.6% in the fourth quarter. Highland Capital Management LLC now owns 8,695 shares of the Internet television network’s stock valued at $4,233,000 after buying an additional 617 shares during the last quarter. Finally, RNC Capital Management LLC purchased a new stake in shares of Netflix in the fourth quarter valued at about $213,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $602.91 on Thursday. The firm’s 50 day simple moving average is $579.15 and its 200-day simple moving average is $486.82. The company has a market cap of $260.92 billion, a P/E ratio of 51.08, a price-to-earnings-growth ratio of 1.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $634.39.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the business earned $0.12 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 17.01 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several analyst reports. Robert W. Baird increased their price target on shares of Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Wells Fargo & Company increased their price target on shares of Netflix from $460.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Sanford C. Bernstein increased their price target on shares of Netflix from $390.00 to $490.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. TD Cowen raised their target price on shares of Netflix from $565.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Canaccord Genuity Group raised their target price on shares of Netflix from $575.00 to $625.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $583.18.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,181,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The disclosure for this sale can be found here. Insiders have sold a total of 273,767 shares of company stock valued at $151,298,232 over the last ninety days. Corporate insiders own 2.45% of the company’s stock.

About Netflix

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.