Curran Financial Partners LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Curran Financial Partners LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 268 shares of the Internet television network’s stock, valued at approximately $239,000.

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Netflix by 700.0% in 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. bought a new stake in shares of Netflix during the 3rd quarter valued at $37,000. FSA Wealth Management LLC purchased a new stake in Netflix during the 3rd quarter worth about $38,000. Finally, First Personal Financial Services bought a new position in Netflix in the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.7 %

Shares of Netflix stock opened at $977.59 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The company’s 50 day moving average price is $895.13 and its 200-day moving average price is $768.18. The stock has a market capitalization of $417.88 billion, a price-to-earnings ratio of 49.30, 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 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 business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same quarter in the prior year, the company posted $2.11 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts forecast that Netflix, Inc. will post 23.72 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NFLX shares. Sanford C. Bernstein upgraded 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. Evercore ISI upped their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group raised their price target on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. UBS Group upped their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Buying and Selling

In related news, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 147,117 shares of company stock valued at $123,913,691 over the last ninety days. 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.