Patriot Financial Group Insurance Agency LLC Has $1.35 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Patriot Financial Group Insurance Agency LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,510 shares of the Internet television network’s stock after purchasing an additional 53 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Netflix were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Netflix by 700.0% in 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. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the 3rd quarter valued at about $37,000. FSA Wealth Management LLC bought a new stake in Netflix in the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services bought a new stake in Netflix in the 3rd quarter valued at about $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX stock opened at $967.47 on Tuesday. The firm has a 50 day moving average price of $895.13 and a 200-day moving average price of $768.18. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The firm has a market capitalization of $413.55 billion, a price-to-earnings ratio of 48.96, a PEG ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its earnings results 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The firm’s revenue was up 16.0% on a year-over-year basis. Equities research analysts forecast that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on NFLX. Oppenheimer boosted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Citigroup upped their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. The Goldman Sachs Group upped their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. UBS Group upped their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Wolfe Research upgraded 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 research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insiders Place Their Bets

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock worth $123,913,691 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Netflix 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.