Cyr Financial Inc. Makes New $567,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Cyr Financial Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 636 shares of the Internet television network's stock, valued at approximately $567,000.

Several other large investors also recently modified their holdings of the stock. Enzi Wealth raised its position in shares of Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after purchasing an additional 11 shares during the period. Advisory Resource Group raised its holdings in Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock valued at $1,238,000 after acquiring an additional 12 shares during the period. Insight Wealth Strategies LLC boosted its holdings in shares of Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network's stock worth $585,000 after acquiring an additional 12 shares during the period. Sunflower Bank N.A. grew its position in shares of Netflix by 2.1% in the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network's stock valued at $513,000 after purchasing an additional 12 shares in the last quarter. Finally, D.B. Root & Company LLC raised its stake in shares of Netflix by 4.1% during the 4th quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network's stock valued at $295,000 after purchasing an additional 13 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other 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 transaction of $518,320.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the transaction, the chief executive officer now owns 2,556 shares of the company's stock, valued at approximately $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 105,516 shares of company stock worth $92,377,637 over the last 90 days. 1.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on NFLX. Wedbush restated an "outperform" rating and issued a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Macquarie upped 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. Evercore ISI raised their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Guggenheim upped their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Finally, Pivotal Research lifted their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Ten 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,021.70.

Netflix Price Performance

Shares of NFLX stock opened at $973.24 on Friday. 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, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The firm has a market cap of $416.31 billion, a P/E ratio of 49.08, a P/E/G ratio of 2.03 and a beta of 1.27. The business's 50 day moving average price is $901.54 and its 200-day moving average price is $774.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly 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. The company 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 firm's revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.11 earnings per share. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.

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