Greenwood Gearhart Inc. Buys New Shares in Netflix, Inc. (NASDAQ:NFLX)

Greenwood Gearhart Inc. purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 403 shares of the Internet television network's stock, valued at approximately $359,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Netflix by 13.3% in 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 acquiring an additional 198,148 shares during the last quarter. M&T Bank Corp lifted its stake in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock valued at $29,751,000 after purchasing an additional 1,684 shares during the last quarter. McIlrath & Eck LLC grew its holdings in Netflix by 13.8% during the third quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock worth $175,000 after purchasing an additional 30 shares during the period. Advisory Resource Group grew its holdings in Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock worth $1,238,000 after purchasing an additional 12 shares during the period. Finally, Virtu Financial LLC increased its position in Netflix by 356.5% during the third quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network's stock worth $9,844,000 after buying an additional 10,839 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Robert W. Baird boosted their target price on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Wolfe Research upgraded 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 report on Thursday, January 23rd. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Argus upped their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, Guggenheim restated a "buy" rating and set a $1,150.00 price objective on shares of Netflix in a research report on Friday. Nine research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,036.38.

Netflix Trading Up 1.2 %

Shares of NFLX stock traded up $11.40 during mid-day trading on Friday, reaching $973.03. 8,733,404 shares of the stock traded hands, compared to its average volume of 3,672,601. The stock's fifty day simple moving average is $954.87 and its two-hundred day simple moving average is $893.08. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $416.22 billion, a price-to-earnings ratio of 49.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the company earned $8.28 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 617 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the transaction, the chairman now owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 274,312 shares of company stock valued at $267,919,297 in the last three months. Insiders own 1.76% of the company's stock.

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.