Abel Hall LLC Raises Position in Netflix, Inc. (NASDAQ:NFLX)

Abel Hall LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 608 shares of the Internet television network’s stock after purchasing an additional 25 shares during the period. Abel Hall LLC’s holdings in Netflix were worth $542,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC purchased a new position in Netflix in the 3rd quarter valued at approximately $38,000. Finally, First Personal Financial Services purchased a new stake in Netflix during the third quarter worth $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 41,601 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the sale, the chairman now owns 85 shares in the company, valued at approximately $64,435.10. This represents a 99.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,117 shares of company stock worth $123,913,691. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. KeyCorp raised their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Bank of America lifted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Morgan Stanley upped their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Phillip Securities cut shares of Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Finally, Pivotal Research upped their target price on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Up 0.7 %

Shares of NASDAQ:NFLX opened at $978.94 on Thursday. The company has a 50 day moving average of $899.64 and a two-hundred day moving average of $772.71. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $418.46 billion, a price-to-earnings ratio of 49.37, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.11 EPS. As a group, analysts forecast that Netflix, Inc. will post 23.72 earnings per share 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.