M. Kraus & Co Invests $233,000 in Netflix, Inc. (NASDAQ:NFLX)

M. Kraus & Co acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 261 shares of the Internet television network’s stock, valued at approximately $233,000.

Other hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. grew its stake in shares of Netflix by 11.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,142 shares of the Internet television network’s stock valued at $2,795,000 after buying an additional 431 shares during the period. One Capital Management LLC boosted its holdings in Netflix by 11.6% in the second quarter. One Capital Management LLC now owns 2,703 shares of the Internet television network’s stock worth $1,824,000 after acquiring an additional 280 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in Netflix by 100.5% in the second quarter. Citizens Financial Group Inc. RI now owns 5,758 shares of the Internet television network’s stock valued at $3,886,000 after acquiring an additional 2,886 shares during the period. WealthPLAN Partners LLC grew its stake in Netflix by 7.6% in the second quarter. WealthPLAN Partners LLC now owns 943 shares of the Internet television network’s stock valued at $636,000 after acquiring an additional 67 shares during the period. Finally, Luts & Greenleigh Group Inc. bought a new stake in shares of Netflix during the second quarter valued at approximately $222,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,817,500. This represents a 24.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,742 shares of company stock valued at $131,030,268 in the last three months. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on NFLX shares. JPMorgan Chase & Co. decreased their price target on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Benchmark boosted their target price on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. Pivotal Research raised their price target on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley lifted their price target on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Argus increased their price objective on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $846.58.

Read Our Latest Report on Netflix

Netflix Stock Down 1.4 %

Shares of NFLX opened at $828.40 on Wednesday. The company’s 50-day moving average price is $881.04 and its 200 day moving average price is $755.96. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $354.11 billion, a P/E ratio of 46.88, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLXGet Free Report) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. On average, sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Netflix Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLXFree Report).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.