K.J. Harrison & Partners Inc Buys 1,400 Shares of Netflix, Inc. (NASDAQ:NFLX)

K.J. Harrison & Partners Inc increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 68.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,440 shares of the Internet television network’s stock after buying an additional 1,400 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Netflix were worth $3,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Flynn Zito Capital Management LLC raised its holdings in shares of Netflix by 123.7% in the fourth quarter. Flynn Zito Capital Management LLC now owns 917 shares of the Internet television network’s stock valued at $817,000 after purchasing an additional 507 shares during the last quarter. New York Life Investment Management LLC boosted its holdings in Netflix by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 57,456 shares of the Internet television network’s stock worth $51,212,000 after purchasing an additional 205 shares during the last quarter. Allegiance Financial Group Advisory Services LLC bought a new stake in Netflix in the 4th quarter worth about $207,000. Nwam LLC increased its stake in Netflix by 4.1% in the 4th quarter. Nwam LLC now owns 3,997 shares of the Internet television network’s stock valued at $3,563,000 after buying an additional 159 shares during the last quarter. Finally, Heritage Investors Management Corp lifted its position in shares of Netflix by 0.9% during the 4th quarter. Heritage Investors Management Corp now owns 1,381 shares of the Internet television network’s stock worth $1,231,000 after buying an additional 12 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Macquarie upped their price objective on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 41,121 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. In the last three months, insiders sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Up 1.3 %

Shares of Netflix stock opened at $990.06 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The firm has a market cap of $423.51 billion, a PE ratio of 49.93, a PEG ratio of 2.12 and a beta of 1.27. The company has a 50 day simple moving average of $945.07 and a two-hundred day simple moving average of $827.46.

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

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.