Graney & King LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Graney & King LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 120 shares of the Internet television network’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Banco BTG Pactual S.A. acquired a new stake in Netflix during the fourth quarter valued at approximately $1,853,000. Core Wealth Partners LLC boosted its stake in Netflix by 3.5% in the 4th quarter. Core Wealth Partners LLC now owns 473 shares of the Internet television network’s stock valued at $422,000 after buying an additional 16 shares in the last quarter. Ausdal Financial Partners Inc. grew its position in Netflix by 17.2% in the fourth quarter. Ausdal Financial Partners Inc. now owns 2,092 shares of the Internet television network’s stock valued at $1,865,000 after acquiring an additional 307 shares during the period. Mizuho Securities Co. Ltd. raised its stake in Netflix by 500.0% during the fourth quarter. Mizuho Securities Co. Ltd. now owns 60 shares of the Internet television network’s stock worth $54,000 after acquiring an additional 50 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. lifted its holdings in shares of Netflix by 0.4% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 5,670 shares of the Internet television network’s stock valued at $5,054,000 after acquiring an additional 25 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 2.6 %

Netflix stock opened at $997.28 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a fifty day simple moving average of $965.09 and a 200 day simple moving average of $863.43. The company has a market cap of $426.59 billion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the company earned $2.11 EPS. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the sale, the chief financial officer now owns 3,691 shares of the company’s stock, valued at $3,624,746.55. This trade represents a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock valued at $279,142,041 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Guggenheim increased their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. KeyCorp lifted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Pivotal Research lifted their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Wedbush restated an “outperform” rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,016.78.

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.