Keystone Financial Group Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Keystone Financial Group boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,909 shares of the Internet television network's stock after buying an additional 592 shares during the quarter. Keystone Financial Group's holdings in Netflix were worth $2,659,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Netflix during the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC increased its holdings in shares of Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after buying an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after acquiring an additional 856,307 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Netflix by 112,896.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock worth $340,420,000 after acquiring an additional 381,590 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

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Netflix Trading Up 4.8 %

NASDAQ NFLX traded up $45.00 during trading hours on Tuesday, reaching $976.28. The company's stock had a trading volume of 7,674,299 shares, compared to its average volume of 3,710,218. The stock has a market cap of $417.61 billion, a P/E ratio of 49.23, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The firm has a fifty day simple moving average of $957.71 and a 200-day simple moving average of $887.65. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. Netflix's revenue was up 16.0% on a year-over-year basis. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. This represents a 98.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock worth $267,919,297 in the last quarter. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NFLX has been the subject of a number of recent analyst reports. Phillip Securities lowered Netflix from a "hold" rating to a "moderate sell" rating in a research report on Friday, January 24th. Benchmark upgraded shares of Netflix from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. BMO Capital Markets restated an "outperform" rating and set a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Finally, Arete Research raised Netflix to a "hold" rating in a research report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,021.31.

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.