255 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Stonebridge Capital Management Inc.

Stonebridge Capital Management Inc. acquired a new position in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 255 shares of the Internet television network’s stock, valued at approximately $227,000.

Other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Netflix by 700.0% during the 3rd 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. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix during the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC purchased a new stake in Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services purchased a new stake in Netflix in the third quarter valued at approximately $40,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 2.4 %

Shares of NFLX opened at $848.26 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $362.60 billion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company’s fifty day moving average is $881.04 and its two-hundred day moving average is $755.96. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. The trade was a 24.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock worth $131,030,268 in the last quarter. 1.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. TD Cowen boosted their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Canaccord Genuity Group upped their price objective on shares of Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. UBS Group upped their price objective on shares of Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Needham & Company LLC upped their price objective on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group upped their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $845.82.

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.