Landing Point Financial Group LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Landing Point Financial Group LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 454 shares of the Internet television network's stock, valued at approximately $405,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC lifted its position in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the period. Newton One Investments LLC bought a new stake in shares of Netflix during the 4th quarter worth approximately $34,000. Pineridge Advisors LLC boosted its position in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares in the last quarter. Princeton Global Asset Management LLC increased its stake in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after acquiring an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in Netflix during the fourth quarter valued at approximately $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares of the company's stock, valued at $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,855 shares of company stock worth $267,474,816 in the last three months. Company insiders own 1.76% of the company's stock.

Netflix Trading Up 4.2 %

NFLX traded up $44.43 during trading on Thursday, hitting $1,094.02. The company's stock had a trading volume of 4,073,713 shares, compared to its average volume of 3,707,903. The firm has a market capitalization of $467.97 billion, a P/E ratio of 55.12, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a twelve month low of $544.25 and a twelve month high of $1,097.04. The stock's fifty day moving average price is $953.84 and its 200-day moving average price is $898.31. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (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 analyst estimates of $10.51 billion. During the same period in the prior year, the firm earned $8.28 earnings per share. Analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,126.00 target price on shares of Netflix in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft raised their price objective on Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. StockNews.com downgraded Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Arete Research raised shares of Netflix to a "hold" rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,070.65.

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.