TABR Capital Management LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

TABR Capital Management LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, HoldingsChannel reports. The fund bought 322 shares of the Internet television network’s stock, valued at approximately $287,000. Netflix accounts for 0.3% of TABR Capital Management LLC’s portfolio, making the stock its 24th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisory Resource Group grew its stake in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after buying an additional 12 shares during the period. Insight Wealth Strategies LLC boosted its holdings in Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after acquiring an additional 12 shares during the last quarter. Sunflower Bank N.A. grew its position in Netflix by 2.1% during the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after acquiring an additional 12 shares during the period. D.B. Root & Company LLC grew its position in Netflix by 4.1% during the fourth quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock valued at $295,000 after acquiring an additional 13 shares during the period. Finally, New World Advisors LLC grew its holdings in shares of 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 purchasing an additional 14 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $975.00 to $1,200.00 in a research note on Friday. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Bank of America increased their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday. Nine 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,009.29.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,500 shares of company stock worth $123,309,210. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 3.2 %

NASDAQ:NFLX opened at $984.86 on Friday. Netflix, Inc. has a 12-month low of $537.07 and a 12-month high of $999.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The business has a 50 day simple moving average of $889.11 and a 200 day simple moving average of $763.41. The firm has a market capitalization of $420.99 billion, a P/E ratio of 49.67, a P/E/G ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 23.72 EPS for the current year.

About Netflix

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.