Hanson & Doremus Investment Management Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

Hanson & Doremus Investment Management lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 17.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200 shares of the Internet television network’s stock after buying an additional 29 shares during the period. Hanson & Doremus Investment Management’s holdings in Netflix were worth $178,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC acquired a new stake in shares of Netflix in the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new stake in shares of Netflix in the 3rd quarter worth approximately $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on NFLX. Wedbush reiterated an “outperform” rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Pivotal Research increased their target price on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. BMO Capital Markets reiterated an “outperform” rating and set a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. JPMorgan Chase & Co. increased their target price on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the sale, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 105,516 shares of company stock valued at $92,377,637 over the last three months. 1.76% of the stock is owned by insiders.

Netflix Stock Down 0.5 %

Shares of Netflix stock opened at $973.24 on Friday. The company has a market capitalization of $416.02 billion, a PE ratio of 49.08, a P/E/G ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The business has a 50-day moving average of $901.54 and a 200-day moving average of $774.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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 analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.11 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 23.72 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.