Netflix, Inc. (NASDAQ:NFLX) is Greater Midwest Financial Group LLC’s 10th Largest Position

Greater Midwest Financial Group LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 218.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,411 shares of the Internet television network’s stock after acquiring an additional 3,027 shares during the period. Netflix comprises 2.5% of Greater Midwest Financial Group LLC’s holdings, making the stock its 10th biggest position. Greater Midwest Financial Group LLC’s holdings in Netflix were worth $3,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC raised its stake in shares of Netflix by 4.9% during the 4th quarter. Cornerstone Wealth Management LLC now owns 2,778 shares of the Internet television network’s stock valued at $2,476,000 after buying an additional 129 shares during the last quarter. Brighton Jones LLC lifted its holdings in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares during the period. Montecito Bank & Trust boosted its position in Netflix by 29.4% in the 4th quarter. Montecito Bank & Trust now owns 1,123 shares of the Internet television network’s stock worth $1,001,000 after purchasing an additional 255 shares in the last quarter. Cerro Pacific Wealth Advisors LLC grew its stake in shares of Netflix by 3.7% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 971 shares of the Internet television network’s stock worth $865,000 after purchasing an additional 35 shares during the period. Finally, FCG Investment Co increased its holdings in shares of Netflix by 9.2% during the 4th quarter. FCG Investment Co now owns 2,325 shares of the Internet television network’s stock valued at $2,072,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 3.2 %

Shares of Netflix stock opened at $984.86 on Friday. Netflix, Inc. has a fifty-two week low of $537.07 and a fifty-two week high of $999.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The firm has a market capitalization of $420.99 billion, a price-to-earnings ratio of 49.67, a PEG ratio of 1.53 and a beta of 1.27. The stock has a 50 day moving average of $889.11 and a 200 day moving average of $763.41.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period last year, the company earned $2.11 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, research analysts predict that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 41,601 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $64,435.10. This represents a 99.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the sale, the chief executive officer now owns 2,556 shares in the company, valued at approximately $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,500 shares of company stock worth $123,309,210. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the company from $940.00 to $1,150.00 in a report on Wednesday. Citigroup lifted their price target on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Pivotal Research raised their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Macquarie boosted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $996.94.

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.