Hoey Investments Inc. Buys 50 Shares of Netflix, Inc. (NASDAQ:NFLX)

Hoey Investments Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,739 shares of the Internet television network’s stock after buying an additional 50 shares during the quarter. Netflix makes up 0.3% of Hoey Investments Inc.’s holdings, making the stock its 19th biggest holding. Hoey Investments Inc.’s holdings in Netflix were worth $1,550,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of Netflix by 13.3% during the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after purchasing an additional 198,148 shares in the last quarter. Tradition Wealth Management LLC boosted its position in Netflix by 11.1% during the 3rd quarter. Tradition Wealth Management LLC now owns 859 shares of the Internet television network’s stock worth $609,000 after buying an additional 86 shares during the period. Cobblestone Capital Advisors LLC NY grew its holdings in Netflix by 5.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 681 shares of the Internet television network’s stock worth $483,000 after acquiring an additional 36 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Netflix in the 3rd quarter valued at approximately $145,252,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of Netflix by 776.3% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 333 shares of the Internet television network’s stock valued at $236,000 after acquiring an additional 295 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at $101,241.12. This represents a 99.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 288,583 shares of company stock valued at $279,611,567 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Down 4.4 %

Shares of Netflix stock opened at $933.85 on Monday. The company has a market capitalization of $399.46 billion, a P/E ratio of 47.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The stock has a fifty day simple moving average of $971.74 and a 200 day simple moving average of $869.42. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Needham & Company LLC increased their price objective on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Guggenheim raised their price objective on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Finally, Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a research note on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.02.

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.