Mission Creek Capital Partners Inc. Purchases 169 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mission Creek Capital Partners Inc. raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,816 shares of the Internet television network’s stock after acquiring an additional 169 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Netflix were worth $2,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix during the 3rd quarter worth approximately $25,000. Denver PWM LLC bought a new position in Netflix during the 2nd quarter worth about $25,000. Proffitt & Goodson Inc. raised its stake in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its holdings in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $902.17 on Wednesday. The company has a market cap of $385.64 billion, a price-to-earnings ratio of 51.06, a PEG ratio of 1.73 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $908.00. 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 fifty day moving average price of $780.46 and a 200-day moving average price of $704.75.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (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 firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, equities analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the 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 transaction, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,155 shares of company stock worth $159,682,799 in the last three months. 1.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating and issued a $825.00 target price (up previously from $770.00) on shares of Netflix in a research note on Friday, October 18th. Guggenheim boosted their price objective on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a research report on Friday, October 18th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $775.58.

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.