Liberty One Investment Management LLC Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

Liberty One Investment Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 417 shares of the Internet television network’s stock after buying an additional 30 shares during the period. Liberty One Investment Management LLC’s holdings in Netflix were worth $372,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Netflix during the third quarter worth approximately $37,000. FSA Wealth Management LLC purchased a new position in Netflix during the third quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock opened at $858.10 on Friday. The firm’s 50-day simple moving average is $884.58 and its 200-day simple moving average is $758.48. Netflix, Inc. has a 1 year low of $476.06 and a 1 year high of $941.75. The firm has a market cap of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Equities analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on NFLX. TD Cowen upped their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Pivotal Research upped their price target on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI lifted their price objective on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Canaccord Genuity Group increased their target price on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Finally, BMO Capital Markets lifted their price target on shares of Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $845.06.

Insider Transactions at Netflix

In other news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is currently owned by company 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.