United Asset Strategies Inc. Buys 64 Shares of Netflix, Inc. (NASDAQ:NFLX)

United Asset Strategies Inc. lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,517 shares of the Internet television network’s stock after buying an additional 64 shares during the period. United Asset Strategies Inc.’s holdings in Netflix were worth $2,243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Nordea Investment Management AB boosted its stake in Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after buying an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Natixis Advisors LLC increased its position in Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares in the last quarter. M&T Bank Corp lifted its stake in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after purchasing an additional 1,684 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in Netflix in the third quarter valued at approximately $1,517,000. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,117 shares of company stock worth $123,913,691 in the last ninety days. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NFLX shares. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and upped their price objective for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Guggenheim lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley boosted their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Price Performance

NFLX opened at $977.59 on Monday. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The company has a market capitalization of $417.88 billion, a price-to-earnings ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27. The firm’s fifty day moving average price is $895.13 and its two-hundred day moving average price is $768.18.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period last year, the business posted $2.11 earnings per share. Netflix’s revenue was up 16.0% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

About Netflix

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.