KLCM Advisors Inc. Invests $797,000 in Netflix, Inc. (NASDAQ:NFLX)

KLCM Advisors Inc. purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,638 shares of the Internet television network’s stock, valued at approximately $797,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Authentikos Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management acquired a new position in shares of Netflix in the 3rd quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC lifted its position in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares during the period. Carmel Capital Partners LLC lifted its position in shares of Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares during the period. Finally, Pacifica Partners Inc. acquired a new position in shares of Netflix during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 47,574 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The disclosure for this sale can be found here. Insiders have sold a total of 268,335 shares of company stock valued at $151,619,811 over the last three months. 2.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Loop Capital boosted their target price on shares of Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Jefferies Financial Group boosted their target price on shares of Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Oppenheimer boosted their target price on shares of Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a research report on Monday, March 11th. Finally, The Goldman Sachs Group boosted their target price on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $603.48.

Netflix Stock Performance

NFLX traded down $5.77 during trading on Wednesday, hitting $611.75. 1,759,713 shares of the company traded hands, compared to its average volume of 4,219,080. The firm has a market cap of $264.74 billion, a P/E ratio of 51.23, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22. The stock’s fifty day moving average is $603.65 and its 200 day moving average is $510.44. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a one year low of $315.62 and a one year high of $639.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. Netflix’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, equities analysts predict that Netflix, Inc. will post 17.03 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.