Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Moseley Investment Management Inc.

Moseley Investment Management Inc. lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,648 shares of the Internet television network’s stock after acquiring an additional 170 shares during the period. Netflix accounts for approximately 0.9% of Moseley Investment Management Inc.’s portfolio, making the stock its 24th biggest position. Moseley Investment Management Inc.’s holdings in Netflix were worth $2,360,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Guggenheim increased their target price on shares of Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft increased their price objective on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI boosted their target price on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Wedbush reaffirmed an “outperform” rating and set a $950.00 price target (up from $800.00) on shares of Netflix in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $846.58.

Insider Activity

In other Netflix news, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock worth $131,030,268 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Down 1.4 %

Shares of NASDAQ NFLX opened at $828.40 on Wednesday. The firm’s 50-day moving average is $881.04 and its two-hundred day moving average is $755.96. The company has a market capitalization of $354.11 billion, a PE ratio of 46.88, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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