Consolidated Planning Corp Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Consolidated Planning Corp boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,782 shares of the Internet television network’s stock after purchasing an additional 32 shares during the quarter. Consolidated Planning Corp’s holdings in Netflix were worth $6,045,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC acquired a new position in Netflix in the fourth quarter valued at approximately $34,000. MidAtlantic Capital Management Inc. purchased a new position in Netflix in the third quarter valued at approximately $37,000. Finally, Pineridge Advisors LLC raised its holdings in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 1.9 %

Shares of NASDAQ NFLX opened at $1,027.31 on Thursday. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,032.85. The stock has a market capitalization of $439.44 billion, a PE ratio of 51.81, a P/E/G ratio of 2.11 and a beta of 1.27. 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 firm has a fifty day moving average of $922.08 and a 200-day moving average of $797.72.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during 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 firm’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.11 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Citigroup increased their target price on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Argus lifted their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. UBS Group increased their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley lifted their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Ten investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 102,228 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $12,700,583. This trade represents a 88.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 303,809 shares of company stock valued at $290,374,484 in the last quarter. 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.