Prospect Financial Services LLC Buys 46 Shares of Netflix, Inc. (NASDAQ:NFLX)

Prospect Financial Services LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 631 shares of the Internet television network’s stock after purchasing an additional 46 shares during the quarter. Prospect Financial Services LLC’s holdings in Netflix were worth $562,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NFLX. Advisory Resource Group lifted its position in Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after buying an additional 12 shares in the last quarter. Insight Wealth Strategies LLC raised its stake in shares of Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after acquiring an additional 12 shares during the last quarter. Sunflower Bank N.A. lifted its position in shares of Netflix by 2.1% during the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock worth $513,000 after purchasing an additional 12 shares in the last quarter. D.B. Root & Company LLC grew its stake in shares of Netflix by 4.1% during the fourth quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock valued at $295,000 after purchasing an additional 13 shares during the last quarter. Finally, New World Advisors LLC raised its position in Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after purchasing an additional 14 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were 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. In the last 90 days, insiders sold 147,117 shares of company stock worth $123,913,691. 1.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and boosted their price target for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. UBS Group increased their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. TD Cowen increased their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group lifted their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Ten equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Trading Down 0.6 %

NFLX opened at $971.89 on Tuesday. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The firm has a market capitalization of $415.44 billion, a PE ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The company’s 50-day moving average is $895.13 and its 200 day moving average is $768.18.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. During the same period last year, the firm earned $2.11 earnings per share. The firm’s 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 fiscal year.

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.