Planned Solutions Inc. Invests $83,000 in Netflix, Inc. (NASDAQ:NFLX)

Planned Solutions Inc. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 171 shares of the Internet television network’s stock, valued at approximately $83,000.

Several other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Netflix by 13.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 197 shares of the Internet television network’s stock worth $87,000 after buying an additional 24 shares during the period. Tiemann Investment Advisors LLC grew its holdings in Netflix by 2.0% in the second quarter. Tiemann Investment Advisors LLC now owns 1,252 shares of the Internet television network’s stock worth $551,000 after purchasing an additional 25 shares during the period. Gordian Capital Singapore Pte Ltd increased its stake in Netflix by 0.3% in the second quarter. Gordian Capital Singapore Pte Ltd now owns 9,821 shares of the Internet television network’s stock valued at $4,326,000 after purchasing an additional 25 shares in the last quarter. Key Financial Inc raised its holdings in shares of Netflix by 14.4% during the third quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock valued at $75,000 after purchasing an additional 25 shares during the period. Finally, Lee Financial Co raised its holdings in shares of Netflix by 18.2% during the third quarter. Lee Financial Co now owns 162 shares of the Internet television network’s stock valued at $61,000 after purchasing an additional 25 shares during the period. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. Seaport Res Ptn lowered shares of Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Wells Fargo & Company boosted their price objective on Netflix from $460.00 to $650.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Canaccord Genuity Group lifted their price objective on shares of Netflix from $575.00 to $625.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Bank of America increased their target price on shares of Netflix from $585.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, KeyCorp boosted their price target on shares of Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $583.18.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the transaction, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 273,767 shares of company stock worth $151,298,232. 2.45% of the stock is currently owned by company insiders.

Netflix Trading Down 2.5 %

NASDAQ NFLX opened at $613.53 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock’s 50-day simple moving average is $579.15 and its two-hundred day simple moving average is $486.82. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $634.39. The company has a market capitalization of $265.51 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 1.71 and a beta of 1.22.

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

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.