827 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Miller Financial Services LLC

Miller Financial Services LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 827 shares of the Internet television network’s stock, valued at approximately $737,000.

A number of other hedge funds also recently bought and sold shares of NFLX. SPX Gestao de Recursos Ltda bought a new position in Netflix during the 4th quarter valued at about $4,457,000. Global View Capital Management LLC bought a new position in Netflix during the 4th quarter valued at about $233,000. Cornerstone Advisors LLC lifted its stake in Netflix by 0.8% during the 4th quarter. Cornerstone Advisors LLC now owns 25,400 shares of the Internet television network’s stock valued at $22,640,000 after acquiring an additional 200 shares during the period. King Luther Capital Management Corp lifted its stake in Netflix by 22.4% during the 4th quarter. King Luther Capital Management Corp now owns 118,450 shares of the Internet television network’s stock valued at $105,577,000 after acquiring an additional 21,676 shares during the period. Finally, Morling Financial Advisors LLC lifted its stake in Netflix by 4.3% during the 4th quarter. Morling Financial Advisors LLC now owns 337 shares of the Internet television network’s stock valued at $300,000 after acquiring an additional 14 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Down 2.7 %

Netflix stock opened at $866.68 on Tuesday. The stock has a market cap of $370.73 billion, a P/E ratio of 43.71, a PEG ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The firm’s 50 day moving average price is $949.59 and its 200-day moving average price is $843.79.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.11 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. Wedbush restated an “outperform” rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Needham & Company LLC upped their target price on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and upped their price target for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,014.26.

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.