Cypress Wealth Services LLC Buys 91 Shares of Netflix, Inc. (NASDAQ:NFLX)

Cypress Wealth Services LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 827 shares of the Internet television network’s stock after purchasing an additional 91 shares during the quarter. Cypress Wealth Services LLC’s holdings in Netflix were worth $737,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted 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 acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the third quarter valued at $37,000. FSA Wealth Management LLC bought a new stake in Netflix in the third quarter worth $38,000. Finally, First Personal Financial Services purchased a new stake in Netflix during the third quarter valued at $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock valued at $127,616,898 in the last 90 days. Insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.7 %

Netflix stock opened at $842.37 on Friday. Netflix, Inc. has a twelve month low of $475.26 and a twelve month high of $941.75. The business has a fifty day moving average of $882.41 and a two-hundred day moving average of $756.61. The firm has a market cap of $360.08 billion, a P/E ratio of 47.67, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $9.77 billion. On average, analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Guggenheim boosted their target price on shares of Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a report on Monday. Oppenheimer reduced their price objective on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Sanford C. Bernstein lifted their target price on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company increased their price target on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $845.06.

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.