SRS Capital Advisors Inc. Buys 3,566 Shares of Netflix, Inc. (NASDAQ:NFLX)

SRS Capital Advisors Inc. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 315.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,696 shares of the Internet television network’s stock after buying an additional 3,566 shares during the period. SRS Capital Advisors Inc.’s holdings in Netflix were worth $4,186,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Asahi Life Asset Management CO. LTD. boosted its holdings in shares of Netflix by 61.1% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,115 shares of the Internet television network’s stock worth $994,000 after buying an additional 423 shares during the period. Bailard Inc. raised its stake in Netflix by 1.1% in the 4th quarter. Bailard Inc. now owns 23,882 shares of the Internet television network’s stock worth $21,287,000 after purchasing an additional 267 shares in the last quarter. IFG Advisors LLC acquired a new stake in Netflix in the 4th quarter worth about $284,000. Kohmann Bosshard Financial Services LLC raised its stake in Netflix by 3.2% in the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 716 shares of the Internet television network’s stock worth $638,000 after purchasing an additional 22 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Netflix by 20.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,620 shares of the Internet television network’s stock worth $4,160,000 after purchasing an additional 795 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.8 %

NFLX opened at $980.56 on Friday. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $419.44 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 2.12 and a beta of 1.27. The company’s 50 day moving average price is $947.72 and its two-hundred day moving average price is $832.09.

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

Insiders Place Their Bets

In other news, insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 303,380 shares of company stock valued at $290,016,164 in the last ninety days. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NFLX shares. UBS Group lifted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. KeyCorp lifted their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Wedbush reiterated 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. Oppenheimer lifted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI lifted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

About Netflix

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.