Goldstone Financial Group LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Goldstone Financial Group LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 33.9% in the fourth quarter, HoldingsChannel reports. The firm owned 817 shares of the Internet television network’s stock after buying an additional 207 shares during the quarter. Goldstone Financial Group LLC’s holdings in Netflix were worth $728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC boosted its holdings in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after acquiring an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after buying an additional 642,920 shares during the period. State Street Corp raised its stake in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares in the last quarter. Jennison Associates LLC raised its stake in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after buying an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in Netflix in the third quarter worth about $222,871,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the sale, the director now owns 246 shares in the company, valued at $185,976. This trade represents a 95.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Down 0.7 %

Shares of NASDAQ:NFLX opened at $842.37 on Friday. The firm has a market capitalization of $360.08 billion, a PE ratio of 47.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The business has a 50 day simple moving average of $882.41 and a two-hundred day simple moving average of $756.61. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NFLX shares. Citigroup upped 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. Wells Fargo & Company lifted their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Evercore ISI boosted their target price on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Macquarie upped their price target on shares of Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Jefferies Financial Group raised their target price on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $845.06.

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.