772 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 772 shares of the Internet television network’s stock, valued at approximately $688,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Winebrenner Capital Management LLC purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $1,783,000. Navellier & Associates Inc. purchased a new position in Netflix in the 4th quarter worth approximately $237,000. Prentice Wealth Management LLC lifted its position in Netflix by 5.5% in the 4th quarter. Prentice Wealth Management LLC now owns 787 shares of the Internet television network’s stock valued at $701,000 after acquiring an additional 41 shares in the last quarter. Bell Bank boosted its stake in Netflix by 14.3% during the 4th quarter. Bell Bank now owns 2,092 shares of the Internet television network’s stock valued at $1,865,000 after purchasing an additional 261 shares during the last quarter. Finally, LifeSteps Financial Inc. increased its holdings in shares of Netflix by 5.2% in the 4th quarter. LifeSteps Financial Inc. now owns 306 shares of the Internet television network’s stock worth $273,000 after purchasing an additional 15 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. UBS Group upped their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Pivotal Research increased their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Citigroup lifted their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Down 2.1 %

NASDAQ NFLX opened at $1,003.15 on Friday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $429.11 billion, a PE ratio of 50.59, a P/E/G ratio of 2.12 and a beta of 1.27. The stock’s 50 day moving average is $940.55 and its 200 day moving average is $818.44.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 41,121 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 303,220 shares of company stock valued at $289,856,164 in the last 90 days. Insiders own 1.76% 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.