M3 Advisory Group LLC Increases Holdings in Netflix, Inc. (NASDAQ:NFLX)

M3 Advisory Group LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 753 shares of the Internet television network’s stock after purchasing an additional 15 shares during the period. M3 Advisory Group LLC’s holdings in Netflix were worth $671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Netflix by 700.0% in the 3rd 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 period. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the third quarter worth approximately $37,000. FSA Wealth Management LLC bought a new stake in Netflix during the third quarter valued at approximately $38,000. Finally, First Personal Financial Services bought a new stake in Netflix during the third quarter valued at approximately $40,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NFLX. Needham & Company LLC lifted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday. Argus lifted their target price on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday. Robert W. Baird lifted their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Thursday. Nine 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Buying and Selling at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock valued at $123,913,691 in the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.7 %

Shares of NASDAQ:NFLX opened at $977.59 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The business has a 50 day simple moving average of $895.13 and a two-hundred day simple moving average of $766.98. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The firm has a market capitalization of $417.88 billion, a PE ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $2.11 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 23.72 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.