Dumont & Blake Investment Advisors LLC Purchases Shares of 265 Netflix, Inc. (NASDAQ:NFLX)

Dumont & Blake Investment Advisors LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 265 shares of the Internet television network’s stock, valued at approximately $236,000.

Several other institutional investors have also recently modified their holdings of the company. EMC Capital Management purchased a new position in shares of Netflix in the fourth quarter worth about $45,000. RVW Wealth LLC purchased a new position in shares of Netflix in the fourth quarter worth about $645,000. Crews Bank & Trust purchased a new position in shares of Netflix in the fourth quarter worth about $119,000. OLD National Bancorp IN grew its holdings in Netflix by 0.6% during the fourth quarter. OLD National Bancorp IN now owns 3,567 shares of the Internet television network’s stock worth $3,179,000 after acquiring an additional 20 shares during the period. Finally, First Affirmative Financial Network grew its holdings in Netflix by 3.1% during the fourth quarter. First Affirmative Financial Network now owns 1,337 shares of the Internet television network’s stock worth $1,192,000 after acquiring an additional 40 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Down 0.5 %

Shares of NASDAQ NFLX opened at $973.24 on Friday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $999.00. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $901.54 and a 200-day simple moving average of $774.15. The stock has a market capitalization of $416.31 billion, a PE ratio of 49.08, a PEG ratio of 2.03 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the firm posted $2.11 EPS. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley raised their target price on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Jefferies Financial Group raised their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Finally, Benchmark raised Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Transactions at Netflix

In other 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 approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,516 shares of company stock valued at $92,377,637. 1.76% of the stock is currently owned by corporate insiders.

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.