474 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Signet Financial Management LLC

Signet Financial Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, HoldingsChannel reports. The firm acquired 474 shares of the Internet television network’s stock, valued at approximately $231,000.

Other large investors also recently made changes to their positions in the company. Columbia Trust Co 01012016 increased 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. Crumly & Associates Inc. increased its stake in shares of Netflix by 4.1% during the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after acquiring an additional 83 shares during the period. Venture Visionary Partners LLC increased its stake in shares of Netflix by 15.4% during the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after acquiring an additional 1,318 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Netflix by 142.6% during the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after acquiring an additional 392,427 shares during the period. Finally, Sandy Cove Advisors LLC increased 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 during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, insider David A. Hyman sold 47,574 shares of the business’s 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 transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 268,335 shares of company stock valued at $151,619,811. Insiders own 2.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Macquarie raised their price objective on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research note on Tuesday. Piper Sandler raised their price objective on shares of Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Evercore ISI raised their price objective on shares of Netflix from $600.00 to $640.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Finally, Bank of America raised their target price on shares of Netflix from $585.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $614.28.

Netflix Price Performance

NASDAQ NFLX opened at $613.69 on Thursday. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. 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 stock has a market capitalization of $265.58 billion, a PE ratio of 51.10, a P/E/G ratio of 1.67 and a beta of 1.22. The stock has a 50-day simple moving average of $604.73 and a 200 day simple moving average of $511.17.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The business had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same period in the prior year, the firm posted $0.12 EPS. Netflix’s revenue for the quarter was up 12.5% on a year-over-year basis. Research analysts anticipate that Netflix, Inc. will post 17.05 EPS for the current 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.