AlphaStar Capital Management LLC Acquires 295 Shares of Netflix, Inc. (NASDAQ:NFLX)

AlphaStar Capital Management LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,040 shares of the Internet television network’s stock after acquiring an additional 295 shares during the period. AlphaStar Capital Management LLC’s holdings in Netflix were worth $3,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position 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 purchasing an additional 42 shares during the last quarter. Newton One Investments LLC purchased a new stake in Netflix during the 4th quarter worth approximately $34,000. MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC purchased a new stake in Netflix during the 3rd quarter worth approximately $38,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on NFLX. Macquarie lifted their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Robert W. Baird boosted their target price on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. TD Cowen boosted their target price on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their price objective for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Ten investment 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 company. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Performance

Shares of NFLX opened at $1,013.93 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $433.72 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The company’s 50 day simple moving average is $917.36 and its 200-day simple moving average is $790.17. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,027.76.

Netflix (NASDAQ:NFLX) last announced its 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 last year, the firm posted $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 299,517 shares of company stock worth $285,805,037 in the last three months. Insiders own 1.76% of the company’s stock.

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.