Spirit of America Management Corp NY Buys 50 Shares of Netflix, Inc. (NASDAQ:NFLX)

Spirit of America Management Corp NY lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,150 shares of the Internet television network’s stock after acquiring an additional 50 shares during the period. Spirit of America Management Corp NY’s holdings in Netflix were worth $1,025,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% during 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 purchasing an additional 42 shares during the last quarter. Newton One Investments LLC acquired a new position in Netflix during the fourth quarter worth $34,000. MidAtlantic Capital Management Inc. acquired a new position in Netflix during the third quarter worth $37,000. Finally, FSA Wealth Management LLC acquired a new position in Netflix during the third quarter worth $38,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on NFLX shares. The Goldman Sachs Group increased their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Argus increased their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Loop Capital increased their price target on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Finally, StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Up 1.6 %

NASDAQ:NFLX opened at $994.87 on Wednesday. The firm’s 50 day simple moving average is $906.93 and its 200 day simple moving average is $781.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,008.00. The company has a market cap of $425.57 billion, a PE ratio of 50.17, a P/E/G ratio of 2.02 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the company earned $2.11 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 10,000 shares of Netflix stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $978.41, for a total value of $9,784,100.00. Following the completion of the sale, the chief financial officer now owns 3,691 shares in the company, valued at $3,611,311.31. The trade was a 73.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Timothy M. Haley sold 647 shares of Netflix 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 281,026 shares of company stock worth $267,211,135. Company 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.