Rappaport Reiches Capital Management LLC Buys 41 Shares of Netflix, Inc. (NASDAQ:NFLX)

Rappaport Reiches Capital Management LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,234 shares of the Internet television network’s stock after purchasing an additional 41 shares during the period. Netflix makes up 0.7% of Rappaport Reiches Capital Management LLC’s holdings, making the stock its 19th biggest holding. Rappaport Reiches Capital Management LLC’s holdings in Netflix were worth $2,883,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its position 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 valued at $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the 3rd quarter valued at $37,000. FSA Wealth Management LLC bought a new position in shares of Netflix in the 3rd quarter valued at $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix during the 3rd quarter worth $40,000. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 3.2 %

NASDAQ:NFLX opened at $984.86 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. Netflix, Inc. has a one year low of $537.07 and a one year high of $999.00. The company has a market cap of $420.99 billion, a PE ratio of 49.67, a PEG ratio of 1.53 and a beta of 1.27. The firm has a 50-day moving average of $889.11 and a 200-day moving average of $763.41.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same period in the previous year, the company posted $2.11 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities research analysts expect that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on NFLX shares. Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. TD Cowen boosted their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Guggenheim lifted their price target on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $715.00 to $900.00 in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,009.29.

Insider Activity at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, 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. In the last three months, insiders sold 146,500 shares of company stock valued at $123,309,210. 1.76% of the stock is owned by insiders.

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.