JCIC Asset Management Inc. Buys 110 Shares of Netflix, Inc. (NASDAQ:NFLX)

JCIC Asset Management Inc. lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 558 shares of the Internet television network’s stock after acquiring an additional 110 shares during the period. JCIC Asset Management Inc.’s holdings in Netflix were worth $497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Advisory Resource Group grew its position in shares of Netflix by 0.7% in the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after purchasing an additional 12 shares during the period. Insight Wealth Strategies LLC boosted its holdings in Netflix by 1.9% in the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after buying an additional 12 shares during the last quarter. New World Advisors LLC increased its stake in Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after buying an additional 14 shares in the last quarter. Heartland Bank & Trust Co raised its holdings in shares of Netflix by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after acquiring an additional 15 shares during the last quarter. Finally, Cedrus LLC lifted its position in shares of Netflix by 0.8% in the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after acquiring an additional 15 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on NFLX. Guggenheim boosted their price target on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday. Pivotal Research raised their price target on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Rosenblatt Securities boosted their price target on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Morgan Stanley increased their price objective on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, BMO Capital Markets restated an “outperform” rating and set a $825.00 target price (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Two equities research 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 stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $832.94.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. This represents a 24.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value 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 approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock valued at $131,030,268 in the last ninety days. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock traded down $2.80 during mid-day trading on Monday, hitting $834.89. 1,912,157 shares of the stock were exchanged, compared to its average volume of 2,911,568. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $356.88 billion, a price-to-earnings ratio of 47.25, a P/E/G ratio of 1.77 and a beta of 1.27. The stock’s fifty day simple moving average is $878.06 and its two-hundred day simple moving average is $753.78.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. On average, analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

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.