Hennion & Walsh Asset Management Inc. Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Hennion & Walsh Asset Management Inc. lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 137.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,508 shares of the Internet television network's stock after purchasing an additional 874 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Netflix were worth $1,344,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after buying an additional 42 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the third quarter worth $37,000. FSA Wealth Management LLC bought a new stake in Netflix during the 3rd quarter valued at $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix in the 3rd quarter valued at $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 48,363 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares of the company's stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 5,698 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the transaction, the director now owns 246 shares in the company, valued at $185,976. The trade was a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,198 shares of company stock worth $127,616,898. Insiders own 1.76% of the company's stock.

Netflix Price Performance

NASDAQ NFLX traded up $15.73 on Friday, hitting $858.10. The company had a trading volume of 3,563,913 shares, compared to its average volume of 2,297,633. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company's fifty day moving average price is $884.58 and its 200-day moving average price is $759.04. The company has a market capitalization of $366.80 billion, a PE ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a 12-month low of $476.06 and a 12-month high of $941.75.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts' consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NFLX shares. Argus raised their price objective on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Canaccord Genuity Group raised their price target on shares of Netflix from $760.00 to $940.00 and gave the company a "hold" rating in a report on Monday, December 2nd. BMO Capital Markets boosted their price objective on shares of Netflix from $825.00 to $1,000.00 and gave the stock an "outperform" rating in a research note on Wednesday. Jefferies Financial Group raised their target price on shares of Netflix from $780.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Finally, TD Cowen upped their price target on Netflix from $820.00 to $835.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $845.06.

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.