Advisors Management Group Inc. ADV Makes New $336,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Advisors Management Group Inc. ADV bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 377 shares of the Internet television network’s stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. ARS Wealth Advisors Group LLC boosted its holdings in Netflix by 1.6% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 1,438 shares of the Internet television network’s stock valued at $1,282,000 after acquiring an additional 23 shares during the last quarter. Burney Co. boosted its stake in shares of Netflix by 25.8% in the 4th quarter. Burney Co. now owns 21,529 shares of the Internet television network’s stock valued at $19,190,000 after purchasing an additional 4,418 shares during the last quarter. Peak Financial Advisors LLC grew its position in shares of Netflix by 0.5% during the 4th quarter. Peak Financial Advisors LLC now owns 3,156 shares of the Internet television network’s stock worth $2,813,000 after buying an additional 16 shares during the period. Wiser Wealth Management Inc bought a new stake in shares of Netflix during the fourth quarter worth approximately $209,000. Finally, Apella Capital LLC lifted its holdings in Netflix by 1.6% in the fourth quarter. Apella Capital LLC now owns 1,071 shares of the Internet television network’s stock valued at $955,000 after buying an additional 17 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on NFLX shares. Macquarie upped their target price on shares of Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday. Citigroup increased their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Benchmark boosted their target price on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. TD Cowen increased their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $845.82.

Netflix Price Performance

NASDAQ:NFLX opened at $848.26 on Thursday. The stock has a market capitalization of $362.60 billion, a PE ratio of 48.01, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 1-year low of $475.26 and a 1-year high of $941.75. The firm has a fifty day simple moving average of $881.04 and a 200 day simple moving average of $755.96. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, research analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. The trade was a 24.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 over the last 90 days. 1.76% of the stock is currently owned by insiders.

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.