Planned Solutions Inc. Buys New Position in Netflix, Inc. (NASDAQ:NFLX)

Planned Solutions Inc. purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 171 shares of the Internet television network’s stock, valued at approximately $83,000.

Several other large investors also recently bought and sold shares of NFLX. Columbia Trust Co 01012016 boosted its stake in shares of Netflix by 15.3% in the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after purchasing an additional 208 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after buying an additional 392,427 shares in the last quarter. Smith Anglin Financial LLC boosted its position in Netflix by 7.7% in the 3rd quarter. Smith Anglin Financial LLC now owns 546 shares of the Internet television network’s stock valued at $206,000 after buying an additional 39 shares during the last quarter. Sandy Cove Advisors LLC grew its stake in shares of Netflix by 10.6% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after acquiring an additional 114 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Netflix by 21.5% during the third quarter. Daiwa Securities Group Inc. now owns 147,770 shares of the Internet television network’s stock worth $55,798,000 after acquiring an additional 26,109 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NFLX shares. Citigroup increased their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $510.00 to $610.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Seaport Res Ptn lowered shares of Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Barclays upped their target price on shares of Netflix from $375.00 to $475.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Macquarie raised Netflix from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $410.00 to $595.00 in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $583.18.

Netflix Stock Down 2.5 %

NFLX opened at $613.53 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $265.51 billion, a PE ratio of 51.08, a P/E/G ratio of 1.71 and a beta of 1.22. The stock’s fifty day moving average is $579.15 and its 200-day moving average is $486.82. Netflix, Inc. has a one year low of $315.62 and a one year high of $634.39.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The business had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.72 billion. During the same quarter last year, the firm posted $0.12 earnings per share. Netflix’s revenue was up 12.5% compared to the same quarter last year. On average, equities analysts predict that Netflix, Inc. will post 17.01 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 25,998 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $470.51, for a total transaction of $12,232,318.98. The disclosure for this sale can be found here. Insiders sold a total of 273,767 shares of company stock valued at $151,298,232 over the last ninety days. Insiders own 2.45% of the company’s stock.

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.