330 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Cathy Pareto & Associates Inc.

Cathy Pareto & Associates Inc. purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 330 shares of the Internet television network’s stock, valued at approximately $294,000.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix during the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake 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 purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix during the 3rd quarter valued at about $37,000. FSA Wealth Management LLC bought a new stake in Netflix during the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services bought a new stake in Netflix during the 3rd quarter valued at about $40,000. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock worth $123,913,691 over the last quarter. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Pivotal Research lifted their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. TD Cowen lifted their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Macquarie lifted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Guggenheim lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Nine investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Trading Down 0.7 %

Netflix stock opened at $977.59 on Monday. The stock has a market cap of $417.88 billion, a P/E ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The firm’s 50 day moving average price is $895.13 and its 200-day moving average price is $767.55.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.11 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Netflix Company 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.