Tsfg LLC Acquires 90 Shares of Netflix, Inc. (NASDAQ:NFLX)

Tsfg LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,036 shares of the Internet television network’s stock after acquiring an additional 90 shares during the period. Tsfg LLC’s holdings in Netflix were worth $923,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Thoroughbred Financial Services LLC lifted its stake in shares of Netflix by 99.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,802 shares of the Internet television network’s stock valued at $1,216,000 after purchasing an additional 897 shares during the period. Redwood Wealth Management Group LLC bought a new position in Netflix in the second quarter worth $145,000. Brown Brothers Harriman & Co. raised its holdings in Netflix by 11.6% in the second quarter. Brown Brothers Harriman & Co. now owns 4,142 shares of the Internet television network’s stock worth $2,795,000 after purchasing an additional 431 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in Netflix during the second quarter valued at $82,000. Finally, Angeles Investment Advisors LLC boosted its holdings in shares of Netflix by 19.3% during the 2nd quarter. Angeles Investment Advisors LLC now owns 1,099 shares of the Internet television network’s stock valued at $742,000 after buying an additional 178 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Argus lifted their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Sanford C. Bernstein lifted their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Bank of America upped their price target on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Evercore ISI raised their price objective on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $832.94.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock worth $131,030,268 over the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $840.29 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $475.26 and a twelve month high of $941.75. The company’s 50-day moving average price is $879.75 and its 200-day moving average price is $754.88. The company has a market cap of $359.19 billion, a PE ratio of 47.55, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, equities research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

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.