Symphony Financial Ltd. Co. Acquires 696 Shares of Netflix, Inc. (NASDAQ:NFLX)

Symphony Financial Ltd. Co. raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 27.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,261 shares of the Internet television network’s stock after buying an additional 696 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Netflix were worth $2,913,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the 3rd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of 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 buying an additional 42 shares during the period. Decker Retirement Planning Inc. bought a new stake in shares of Netflix in the fourth quarter valued at about $43,000. EMC Capital Management acquired a new stake in Netflix during the fourth quarter worth about $45,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Netflix during the third quarter valued at about $37,000. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In other news, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold a total of 105,516 shares of company stock worth $92,377,637 in the last quarter. 1.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on NFLX shares. Robert W. Baird raised their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a report on Thursday, January 23rd. Wedbush restated an “outperform” rating and issued a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Morgan Stanley lifted their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Up 0.4 %

Shares of NFLX opened at $976.76 on Friday. The firm has a market capitalization of $417.82 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 2.03 and a beta of 1.27. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The business’s fifty day moving average price is $904.67 and its two-hundred day moving average price is $777.76.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.11 earnings per share. On average, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.