1,565 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,565 shares of the Internet television network’s stock, valued at approximately $1,395,000. Netflix accounts for 1.4% of Chung Wu Investment Group LLC’s investment portfolio, making the stock its 17th largest position.

A number of other hedge funds have also recently modified their holdings of NFLX. Swedbank AB increased its stake in Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after acquiring an additional 8,024 shares during the last quarter. Moloney Securities Asset Management LLC purchased a new position in shares of Netflix during the third quarter worth approximately $777,000. United Advisor Group LLC grew its stake in Netflix by 23.0% in the third quarter. United Advisor Group LLC now owns 839 shares of the Internet television network’s stock worth $595,000 after purchasing an additional 157 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in Netflix by 30.5% during the 3rd quarter. Pittenger & Anderson Inc. now owns 2,314 shares of the Internet television network’s stock worth $1,641,000 after purchasing an additional 541 shares during the period. Finally, Crestwood Advisors Group LLC raised its position in Netflix by 7.2% during the 3rd quarter. Crestwood Advisors Group LLC now owns 3,027 shares of the Internet television network’s stock valued at $2,147,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NFLX. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. KeyCorp increased their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, UBS Group boosted their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Performance

NASDAQ:NFLX opened at $990.92 on Thursday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a market cap of $423.87 billion, a P/E ratio of 49.97, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $950.95 and its 200-day moving average price is $838.65.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.11 earnings per share. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Reed Hastings sold 35,868 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the sale, the chairman now owns 114 shares of the company’s stock, valued at $101,241.12. This represents a 99.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Tuesday, February 4th. The shares were 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. In the last quarter, insiders have sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is currently owned by insiders.

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.