Consolidated Portfolio Review Corp Buys 2,649 Shares of Netflix, Inc. (NASDAQ:NFLX)

Consolidated Portfolio Review Corp increased its position in Netflix, Inc. (NASDAQ:NFLX) by 543.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,136 shares of the Internet television network’s stock after buying an additional 2,649 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Netflix were worth $2,795,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in 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 purchasing an additional 42 shares during the period. Newton One Investments LLC bought a new position in Netflix during the 4th quarter valued at approximately $34,000. MidAtlantic Capital Management Inc. purchased a new stake in Netflix in the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC purchased a new stake in Netflix in the 3rd quarter worth approximately $38,000. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NFLX shares. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and boosted their target price for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 685 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the completion of the sale, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,726,322.87. This trade represents a 15.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Insiders sold a total of 292,270 shares of company stock worth $278,469,388 over the last quarter. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Up 0.5 %

Netflix stock opened at $1,015.68 on Friday. The business has a 50-day simple moving average of $912.05 and a two-hundred day simple moving average of $786.03. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,016.35. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $434.47 billion, a P/E ratio of 51.22, a P/E/G ratio of 2.02 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 for the quarter, topping the consensus estimate of $4.20 by $0.07. The business 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 company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $2.11 earnings per share. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.