Investment Advisory Services Inc. TX ADV Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Investment Advisory Services Inc. TX ADV purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 291 shares of the Internet television network’s stock, valued at approximately $259,000.

A number of other hedge funds have also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC bought a new stake in Netflix during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of 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 valued at $34,000 after buying an additional 42 shares during the last quarter. Newton One Investments LLC bought a new stake in shares of Netflix during the fourth quarter worth about $34,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the 3rd quarter worth about $37,000. Finally, FSA Wealth Management LLC bought a new position in Netflix in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of several recent research reports. Evercore ISI upped their price target on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Macquarie upped their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Jefferies Financial Group boosted their target price on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Transactions at Netflix

In related news, Director Timothy M. Haley sold 647 shares of the firm’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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 4,434 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,015.00, for a total transaction of $4,500,510.00. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $13,144,250. The trade was a 25.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 299,517 shares of company stock valued at $285,805,037 in the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.2 %

Shares of NASDAQ:NFLX opened at $1,013.93 on Friday. The company has a market cap of $433.72 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,027.76. The firm has a fifty day moving average price of $917.36 and a two-hundred day moving average price of $790.17. 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 (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.11 EPS. Analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.