Hager Investment Management Services LLC Acquires New Stake in Netflix, Inc. (NASDAQ:NFLX)

Hager Investment Management Services LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,523 shares of the Internet television network's stock, valued at approximately $3,140,000. Netflix comprises approximately 2.0% of Hager Investment Management Services LLC's holdings, making the stock its 16th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the 3rd quarter worth about $25,000. Newton One Investments LLC acquired a new position in shares of Netflix in the 4th quarter valued at about $34,000. Princeton Global Asset Management LLC lifted its stake in shares of Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after purchasing an additional 16 shares in the last quarter. 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 in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Netflix in the 4th quarter valued at about $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 1.6 %

NASDAQ:NFLX opened at $994.87 on Wednesday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,008.00. The firm has a market capitalization of $425.57 billion, a P/E ratio of 50.17, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50 day simple moving average of $906.93 and a 200 day simple moving average of $781.90.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 41,121 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 32,067 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $978.39, for a total value of $31,374,032.13. Following the transaction, the chairman now owns 349 shares of the company's stock, valued at $341,458.11. This trade represents a 98.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 281,026 shares of company stock worth $267,211,135 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. Rosenblatt Securities raised Netflix from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Guggenheim lifted their price objective on Netflix from $950.00 to $1,100.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday. Wells Fargo & Company raised their target price on Netflix from $758.00 to $797.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Finally, Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,021.70.

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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