Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Seamount Financial Group Inc.

Seamount Financial Group Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 323 shares of the Internet television network’s stock after acquiring an additional 13 shares during the quarter. Seamount Financial Group Inc.’s holdings in Netflix were worth $288,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the period. Newton One Investments LLC purchased a new stake in shares of Netflix during the 4th quarter worth approximately $34,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC purchased a new position in Netflix in the 3rd quarter valued at approximately $38,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NFLX shares. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Oppenheimer raised their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. UBS Group upped their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company lifted their price objective on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Ten research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Trading Down 0.2 %

Shares of NFLX stock opened at $1,013.93 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,027.76. The firm’s 50 day moving average price is $914.82 and its two-hundred day moving average price is $787.62. The stock has a market cap of $433.72 billion, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.11 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy M. Haley sold 647 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders have sold 299,517 shares of company stock worth $285,805,037 over the last 90 days. Company 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.