JSF Financial LLC Makes New $343,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

JSF Financial LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 385 shares of the Internet television network's stock, valued at approximately $343,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth $25,000. Newton One Investments LLC bought a new position in Netflix in the 4th quarter worth $34,000. Pineridge Advisors LLC raised its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares during the period. Princeton Global Asset Management LLC raised its holdings in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after acquiring an additional 16 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in 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 worth $34,000 after acquiring an additional 42 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of Netflix stock traded up $15.35 during midday trading on Friday, reaching $1,059.04. The company had a trading volume of 2,162,791 shares, compared to its average volume of 4,199,130. 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 stock has a fifty day simple moving average of $926.92 and a 200 day simple moving average of $801.02. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,059.17. The company has a market capitalization of $453.02 billion, a price-to-earnings ratio of 53.36, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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 return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same period last year, the firm earned $2.11 EPS. The business's revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

NFLX has been the topic of several recent analyst reports. Needham & Company LLC lifted their target price on shares of Netflix from $800.00 to $1,150.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Jefferies Financial Group lifted their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Macquarie lifted their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Pivotal Research raised their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Finally, Bank of America raised their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,021.70.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This represents a 88.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the 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 three months, insiders sold 303,809 shares of company stock valued at $290,374,484. 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.