Zhang Financial LLC Has $703,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Zhang Financial LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 122.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 789 shares of the Internet television network's stock after purchasing an additional 434 shares during the period. Zhang Financial LLC's holdings in Netflix were worth $703,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Advisory Resource Group raised its holdings in shares of Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock worth $1,238,000 after acquiring an additional 12 shares in the last quarter. Insight Wealth Strategies LLC increased its position in Netflix by 1.9% in the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network's stock worth $585,000 after purchasing an additional 12 shares during the last quarter. Sunflower Bank N.A. raised its stake in shares of Netflix by 2.1% during the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network's stock worth $513,000 after purchasing an additional 12 shares in the last quarter. New World Advisors LLC lifted its holdings in shares of Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network's stock valued at $514,000 after buying an additional 14 shares during the last quarter. Finally, Trust Co. of Vermont grew its stake in shares of Netflix by 2.5% in the 4th quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network's stock valued at $508,000 after buying an additional 14 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares in the company, valued at approximately $185,976. The trade was a 95.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock worth $127,616,898 in the last quarter. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NFLX. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Argus increased their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Wolfe Research reiterated an "outperform" rating on shares of Netflix in a research note on Friday, October 18th. Evercore ISI increased their price objective on Netflix from $775.00 to $950.00 and gave the company an "outperform" rating in a report on Monday, December 2nd. Finally, Loop Capital reduced their target price on Netflix from $950.00 to $925.00 and set a "hold" rating for the company in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has issued 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 a consensus target price of $845.06.

Netflix Price Performance

Netflix stock traded up $13.19 during mid-day trading on Tuesday, hitting $871.29. 5,258,050 shares of the company were exchanged, compared to its average volume of 3,353,085. Netflix, Inc. has a 1-year low of $479.90 and a 1-year high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average of $885.64 and a 200 day moving average of $760.81. The company has a market capitalization of $372.44 billion, a PE ratio of 49.31, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27.

Netflix 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.