Salem Investment Counselors Inc. Purchases 379 Shares of Netflix, Inc. (NASDAQ:NFLX)

Salem Investment Counselors Inc. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,890 shares of the Internet television network’s stock after acquiring an additional 379 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Netflix were worth $2,576,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake 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 worth $34,000 after buying an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new position in Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NFLX shares. Citigroup raised their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Guggenheim boosted their target price on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday. Jefferies Financial Group increased their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Rosenblatt Securities boosted their price objective on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Oppenheimer increased their target price on shares of Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $832.94.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. The trade was a 24.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,742 shares of company stock worth $131,030,268. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $840.29 on Tuesday. 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 business has a 50-day moving average of $879.75 and a 200-day moving average of $754.88. The stock has a market capitalization of $359.19 billion, a price-to-earnings ratio of 47.55, a PEG ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75.

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