Retireful LLC Boosts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Retireful LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 81.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,638 shares of the Internet television network’s stock after acquiring an additional 735 shares during the quarter. Retireful LLC’s holdings in Netflix were worth $1,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake 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 buying an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC purchased a new stake in shares of Netflix during the third quarter valued at approximately $38,000. Finally, First Personal Financial Services bought a new stake in Netflix during the third quarter worth $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 41,601 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the transaction, the chairman now directly 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the sale, the director now owns 246 shares of the company’s stock, valued at $185,976. The trade was a 95.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock worth $127,616,898 over the last three months. 1.76% of the stock is owned by insiders.

Netflix Price Performance

Netflix stock opened at $842.37 on Friday. The business has a 50-day simple moving average of $882.41 and a 200 day simple moving average of $756.61. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75. The stock has a market cap of $360.08 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 1.35 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup upped their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Guggenheim boosted their price target on shares of Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a report on Monday. Sanford C. Bernstein raised their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Bank of America boosted their target price on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Benchmark increased their target price on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $845.06.

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.