One Day In July LLC Acquires New Position in Netflix, Inc. (NASDAQ:NFLX)

One Day In July LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 289 shares of the Internet television network's stock, valued at approximately $258,000.

Several other hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in Netflix during the 3rd quarter worth approximately $25,000. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% during the 3rd 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 in the last quarter. Newton One Investments LLC acquired a new stake in Netflix during the 4th quarter worth approximately $34,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Needham & Company LLC increased their target price on shares of Netflix from $800.00 to $1,150.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "moderate sell" rating in a research report on Friday, January 24th. Benchmark raised shares of Netflix from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. Citigroup increased their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Finally, Wedbush reissued an "outperform" rating and issued a $1,150.00 price objective (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given 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 an average target price of $1,021.70.

Insiders Place Their Bets

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the company's 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $21.39 on Friday, reaching $1,003.15. The company's stock had a trading volume of 3,730,394 shares, compared to its average volume of 4,138,945. The stock's 50-day moving average is $938.86 and its two-hundred day moving average is $815.63. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. 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 stock has a market capitalization of $429.11 billion, a P/E ratio of 50.59, a PEG ratio of 2.16 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 previous year, the business posted $2.11 earnings per share. The business's revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current 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.