Hansen & Associates Financial Group Inc. Buys New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Hansen & Associates Financial Group Inc. acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,630 shares of the Internet television network’s stock, valued at approximately $7,832,000. Netflix accounts for about 4.0% of Hansen & Associates Financial Group Inc.’s holdings, making the stock its 4th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB lifted its position in shares of Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after buying an additional 29,726 shares during the period. Natixis Advisors LLC increased its position in shares of Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after acquiring an additional 11,921 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after acquiring an additional 1,684 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in Netflix in the third quarter valued at about $1,517,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NFLX. The Goldman Sachs Group lifted their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Needham & Company LLC upped their target price on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Robert W. Baird increased their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and increased their target price for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity

In related news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total value of $334,319.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,516 shares of company stock worth $92,377,637. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NFLX opened at $973.24 on Friday. The business has a 50 day moving average price of $901.54 and a two-hundred day moving average price of $774.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The company has a market capitalization of $416.31 billion, a price-to-earnings ratio of 49.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.11 earnings per share. Research analysts predict that Netflix, Inc. will post 24.58 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.