Maiden Cove Capital LLC Purchases Shares of 286 Netflix, Inc. (NASDAQ:NFLX)

Maiden Cove Capital LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 286 shares of the Internet television network’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Liberty One Investment Management LLC raised its holdings in shares of Netflix by 7.8% during the fourth quarter. Liberty One Investment Management LLC now owns 417 shares of the Internet television network’s stock valued at $372,000 after acquiring an additional 30 shares in the last quarter. Oak Ridge Investments LLC lifted its position in shares of Netflix by 6.6% in the 4th quarter. Oak Ridge Investments LLC now owns 20,260 shares of the Internet television network’s stock worth $18,058,000 after purchasing an additional 1,250 shares during the period. Aaron Wealth Advisors LLC boosted its stake in shares of Netflix by 6.8% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,567 shares of the Internet television network’s stock valued at $2,288,000 after purchasing an additional 163 shares in the last quarter. Whitaker Myers Wealth Managers LTD. increased its position in shares of Netflix by 6.7% during the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 602 shares of the Internet television network’s stock valued at $537,000 after buying an additional 38 shares during the period. Finally, BNC Wealth Management LLC raised its stake in Netflix by 10.6% in the fourth quarter. BNC Wealth Management LLC now owns 3,232 shares of the Internet television network’s stock worth $2,881,000 after buying an additional 309 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.9 %

Shares of NFLX stock opened at $858.10 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $476.06 and a 12 month high of $941.75. The stock has a market cap of $366.80 billion, a P/E ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a 50 day simple moving average of $884.58 and a two-hundred day simple moving average of $758.48.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. On average, research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wolfe Research reissued an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Wells Fargo & Company increased their price objective on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Barclays boosted their target price on shares of Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a report on Tuesday, January 14th. BMO Capital Markets lifted their price target on shares of Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $845.06.

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock valued at $127,616,898 over the last three months. Corporate insiders own 1.76% of the company’s stock.

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.