Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Pure Financial Advisors LLC

Pure Financial Advisors LLC raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 39.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,919 shares of the Internet television network's stock after purchasing an additional 542 shares during the period. Pure Financial Advisors LLC's holdings in Netflix were worth $1,710,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Netflix by 700.0% in the third 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 during the period. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the third quarter valued at $37,000. FSA Wealth Management LLC purchased a new position in Netflix during the third quarter worth about $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix in the 3rd quarter worth about $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Anne M. Sweeney sold 589 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the company'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 completion of the sale, the director now directly owns 246 shares of the company's stock, valued at $185,976. The trade was a 95.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein boosted their target price on shares of Netflix from $625.00 to $780.00 and gave the company a "market perform" rating in a report on Friday, October 18th. Argus boosted their price objective 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. Morgan Stanley upped their price objective on Netflix from $820.00 to $830.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Wedbush reiterated an "outperform" rating and issued a $950.00 target price (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. Finally, Pivotal Research upped their price target on Netflix from $925.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $845.06.

Netflix Stock Performance

Shares of Netflix stock traded up $11.58 during trading hours on Tuesday, reaching $869.68. The company's stock had a trading volume of 9,591,672 shares, compared to its average volume of 3,748,551. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company's 50 day simple moving average is $885.64 and its 200 day simple moving average is $760.81. Netflix, Inc. has a one year low of $479.90 and a one year high of $941.75. The stock has a market cap of $371.75 billion, a P/E ratio of 49.22, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10,141,900 billion. During the same period in the prior year, the firm earned $2.11 EPS. The business's quarterly revenue was up 16.0% on a year-over-year basis. As a group, analysts expect that Netflix, Inc. will post 19.76 EPS for the current fiscal year.

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.