237 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Greystone Financial Group LLC

Greystone Financial Group LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 237 shares of the Internet television network’s stock, valued at approximately $211,000.

Several other large investors have also recently made changes to their positions in the business. Peregrine Asset Advisers Inc. raised its stake in Netflix by 139.4% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,042 shares of the Internet television network’s stock valued at $1,820,000 after buying an additional 1,189 shares during the last quarter. VisionPoint Advisory Group LLC increased its holdings in shares of Netflix by 8.6% during the fourth quarter. VisionPoint Advisory Group LLC now owns 1,068 shares of the Internet television network’s stock valued at $947,000 after acquiring an additional 85 shares in the last quarter. Bank of Stockton raised its position in shares of Netflix by 118.0% in the 4th quarter. Bank of Stockton now owns 2,535 shares of the Internet television network’s stock worth $2,259,000 after purchasing an additional 1,372 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in Netflix by 6.5% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 1,669 shares of the Internet television network’s stock worth $1,488,000 after purchasing an additional 102 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC grew its position in Netflix by 0.7% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 3,059 shares of the Internet television network’s stock valued at $2,727,000 after purchasing an additional 20 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 303,220 shares of company stock valued at $289,856,164 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Down 2.1 %

Shares of NFLX stock opened at $1,003.15 on Friday. The company has a market capitalization of $429.11 billion, a price-to-earnings ratio of 50.59, a PEG ratio of 2.16 and a beta of 1.27. 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 company’s fifty day moving average price is $940.55 and its 200-day moving average price is $818.44. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business earned $2.11 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. Sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

NFLX has been the subject of several recent analyst reports. Pivotal Research lifted their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. KeyCorp boosted their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Bank of America increased their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Citigroup boosted their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, Robert W. Baird increased their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Ten research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.