Kieckhefer Group LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Kieckhefer Group LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,285 shares of the Internet television network’s stock, valued at approximately $4,711,000. Netflix accounts for 2.8% of Kieckhefer Group LLC’s portfolio, making the stock its 9th biggest position.

Other hedge funds also recently modified their holdings of the company. Federated Hermes Inc. grew its stake in shares of Netflix by 42.9% in the second quarter. Federated Hermes Inc. now owns 72,844 shares of the Internet television network’s stock worth $49,161,000 after purchasing an additional 21,858 shares during the last quarter. 1ST Source Bank purchased a new position in Netflix in the second quarter worth $239,000. Thoroughbred Financial Services LLC raised its stake in shares of Netflix by 99.1% in the second quarter. Thoroughbred Financial Services LLC now owns 1,802 shares of the Internet television network’s stock valued at $1,216,000 after buying an additional 897 shares during the period. Lyell Wealth Management LP raised its stake in shares of Netflix by 10.3% during the 2nd quarter. Lyell Wealth Management LP now owns 12,891 shares of the Internet television network’s stock valued at $8,700,000 after purchasing an additional 1,203 shares during the period. Finally, Poehling Capital Management INC. purchased a new position in shares of Netflix during the 2nd quarter valued at $1,424,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $3.46 on Monday, hitting $834.23. The company’s stock had a trading volume of 1,136,667 shares, compared to its average volume of 2,786,353. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75. The company has a market capitalization of $356.60 billion, a PE ratio of 47.21, a PEG ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50-day simple moving average of $878.06 and a 200 day simple moving average of $753.78.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NFLX shares. Canaccord Genuity Group raised their price objective on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Benchmark lifted their target price on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a report on Friday, January 3rd. Argus increased their price objective on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. BMO Capital Markets restated an “outperform” rating and issued a $825.00 price objective (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Finally, The Goldman Sachs Group boosted their price target on shares of Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $824.00.

Insider Activity at Netflix

In other news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock valued at $131,030,268 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Netflix 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.