FSA Wealth Management LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

FSA Wealth Management LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 54 shares of the Internet television network’s stock, valued at approximately $38,000.

A number of other hedge funds also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at about $25,000. Denver PWM LLC purchased a new stake in Netflix in the second quarter worth approximately $25,000. Proffitt & Goodson Inc. boosted its holdings in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its holdings in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Up 1.1 %

Shares of NFLX stock opened at $886.81 on Monday. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $908.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50 day simple moving average is $773.01 and its two-hundred day simple moving average is $700.75. The company has a market cap of $379.08 billion, a PE ratio of 50.19, a price-to-earnings-growth ratio of 1.71 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $950.00 price objective (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. KeyCorp boosted their price target on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Barclays reiterated an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research note on Friday, October 18th. Macquarie restated an “outperform” rating and set a $795.00 target price on shares of Netflix in a research report on Friday, October 18th. Finally, Canaccord Genuity Group increased their price target on shares of Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $764.82.

Insider Buying and Selling

In other news, Director Timothy M. Haley sold 647 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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. In the last ninety days, insiders sold 185,866 shares of company stock valued at $133,393,921. Company insiders own 1.76% of the company’s stock.

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.