1,063 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Pure Financial Advisors LLC

Pure Financial Advisors LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,063 shares of the Internet television network’s stock, valued at approximately $313,000.

Several other institutional investors have also modified their holdings of the stock. Carolinas Wealth Consulting LLC grew its stake in shares of Netflix by 27.6% during the 3rd quarter. Carolinas Wealth Consulting LLC now owns 162 shares of the Internet television network’s stock worth $38,000 after purchasing an additional 35 shares during the period. Paragon Wealth Strategies LLC acquired a new stake in Netflix in the 3rd quarter valued at about $47,000. Stonebridge Capital Advisors LLC grew its stake in Netflix by 163.6% in the 3rd quarter. Stonebridge Capital Advisors LLC now owns 203 shares of the Internet television network’s stock valued at $48,000 after acquiring an additional 126 shares during the last quarter. Old North State Trust LLC acquired a new stake in Netflix in the 3rd quarter valued at about $51,000. Finally, Pacific Center for Financial Services grew its stake in Netflix by 18.7% in the 2nd quarter. Pacific Center for Financial Services now owns 299 shares of the Internet television network’s stock valued at $52,000 after acquiring an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 77.26% of the company’s stock.

Netflix Trading Down 2.1 %

Shares of NASDAQ NFLX opened at $303.50 on Friday. Netflix, Inc. has a one year low of $162.71 and a one year high of $396.50. The firm has a market capitalization of $135.16 billion, a PE ratio of 30.50, a PEG ratio of 1.37 and a beta of 1.26. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $334.97 and a two-hundred day moving average price of $292.19.

Netflix (NASDAQ:NFLX – Get Rating) last announced its quarterly earnings results on Thursday, January 19th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.35). The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.85 billion. Netflix had a net margin of 14.21% and a return on equity of 23.06%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 earnings per share. As a group, analysts predict that Netflix, Inc. will post 11.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on shares of Netflix from $225.00 to $230.00 and gave the company a “sell” rating in a report on Friday, January 20th. Oppenheimer increased their price objective on shares of Netflix from $400.00 to $415.00 and gave the stock an “outperform” rating in a report on Friday, January 20th. Argus increased their target price on shares of Netflix from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Monday, January 23rd. Evercore ISI increased their target price on shares of Netflix from $340.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, January 20th. Finally, Phillip Securities downgraded shares of Netflix from a “buy” rating to an “accumulate” rating in a research report on Thursday, January 26th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Hold” and an average price target of $343.13.

Insider Activity

In related news, Director Jay C. Hoag sold 3,698 shares of the business’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $352.94, for a total value of $1,305,172.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.39% of the stock is owned by corporate insiders.

Netflix Company Profile

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Netflix, Inc engages in providing entertainment services. It also offers a broad set of activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.