Robbins Farley Has $4.94 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Robbins Farley lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 30.5% during the fourth quarter, HoldingsChannel reports. The fund owned 5,539 shares of the Internet television network’s stock after purchasing an additional 1,293 shares during the quarter. Netflix comprises approximately 2.4% of Robbins Farley’s holdings, making the stock its 14th biggest position. Robbins Farley’s holdings in Netflix were worth $4,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. lifted 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 worth $34,000 after buying an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the 3rd quarter worth about $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix during the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix in the 3rd quarter valued at approximately $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 0.2 %

Shares of NASDAQ NFLX opened at $978.94 on Tuesday. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business has a fifty day moving average of $904.67 and a two-hundred day moving average of $779.53. The stock has a market cap of $418.75 billion, a PE ratio of 49.37, a PEG ratio of 2.02 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 (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $2.11 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Robert W. Baird upped their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Citigroup raised their target price on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. KeyCorp boosted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 246,710 shares of company stock worth $233,561,836. Insiders own 1.76% of the company’s stock.

About Netflix

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.