Raleigh Capital Management Inc. Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Raleigh Capital Management Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 815 shares of the Internet television network’s stock after buying an additional 80 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Netflix were worth $727,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in Netflix during the fourth quarter valued at $43,000. MidAtlantic Capital Management Inc. purchased a new position in Netflix in the third quarter valued at $37,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Netflix in the third quarter worth about $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the transaction, the chief executive officer now directly owns 2,556 shares in the company, valued at approximately $1,960,579.80. The trade was a 33.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,198 shares of company stock valued at $127,616,898. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NFLX. Wedbush restated an “outperform” rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday. Needham & Company LLC raised their price objective on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday. Macquarie upped their target price on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group lifted their price target on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their price objective for the stock from $940.00 to $1,150.00 in a research report on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $993.82.

Netflix Trading Up 9.7 %

Shares of Netflix stock opened at $953.99 on Thursday. The stock has a 50 day moving average of $889.11 and a 200 day moving average of $763.41. 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 firm has a market capitalization of $407.79 billion, a price-to-earnings ratio of 48.11, a PEG ratio of 1.41 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $481.40 and a fifty-two week high of $999.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 39.48% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same period in the prior year, the business posted $2.11 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 23.43 earnings per share 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.