By otakuyassine3@gmail.com 
Kavar Capital Partners Group LLC grew its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,011 shares of the Internet television network’s stock after purchasing an additional 33 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Netflix were worth $901,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in Netflix during the 3rd quarter worth $37,000. FSA Wealth Management LLC acquired a new position in Netflix in the 3rd quarter valued at $38,000. Finally, First Personal Financial Services bought a new stake in shares of Netflix during the 3rd quarter valued at $40,000. Institutional investors own 80.93% of the company’s stock.
Netflix Trading Down 0.7 %
Shares of NFLX stock opened at $977.59 on Monday. The company has a market cap of $417.88 billion, a P/E ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two 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 stock has a 50 day simple moving average of $895.13 and a two-hundred day simple moving average of $768.18.
Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’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 earnings per share. Research analysts forecast that Netflix, Inc. will post 23.72 earnings per share for the current year.
Wall Street Analyst Weigh In
NFLX has been the subject of a number of analyst reports. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Pivotal Research upped their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Oppenheimer lifted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. UBS Group upped their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their price target on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Nine investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.
View Our Latest Stock Analysis on Netflix
Insider Activity at Netflix
In related news, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were 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. In the last 90 days, insiders sold 147,117 shares of company stock valued at $123,913,691. 1.76% of the stock is owned by company insiders.
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.
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