Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by MCF Advisors LLC

MCF Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 247.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,122 shares of the Internet television network’s stock after buying an additional 799 shares during the period. MCF Advisors LLC’s holdings in Netflix were worth $546,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Global Investments lifted its position in Netflix by 29.0% during the 3rd quarter. Summit Global Investments now owns 2,064 shares of the Internet television network’s stock worth $779,000 after acquiring an additional 464 shares in the last quarter. Legacy Capital Wealth Partners LLC acquired a new position in Netflix during the 3rd quarter worth approximately $337,000. First Affirmative Financial Network lifted its position in Netflix by 24.4% during the 3rd quarter. First Affirmative Financial Network now owns 628 shares of the Internet television network’s stock worth $237,000 after acquiring an additional 123 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in Netflix by 12.5% during the 3rd quarter. Douglas Lane & Associates LLC now owns 559 shares of the Internet television network’s stock worth $211,000 after acquiring an additional 62 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its position in Netflix by 5.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 1,284 shares of the Internet television network’s stock worth $485,000 after acquiring an additional 63 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on NFLX. Benchmark reissued a “sell” rating and set a $440.00 price target on shares of Netflix in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Macquarie lifted their price objective on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. The Goldman Sachs Group lifted their price objective on Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective on the stock in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Insider Activity

In other news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 565 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $565.37, for a total value of $319,434.05. The disclosure for this sale can be found here. Insiders sold a total of 268,335 shares of company stock worth $151,619,811 over the last 90 days. 2.45% of the stock is currently owned by company insiders.

Netflix Stock Performance

NFLX stock traded down $4.69 during trading on Monday, reaching $550.35. 2,975,295 shares of the company’s stock were exchanged, compared to its average volume of 4,431,777. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The company’s fifty day moving average price is $605.65 and its 200-day moving average price is $514.99. The firm has a market cap of $237.15 billion, a PE ratio of 37.93, a P/E/G ratio of 1.49 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.88 EPS. On average, research analysts expect that Netflix, Inc. will post 17.13 EPS 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.