Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 645 shares of the Internet television network’s stock after acquiring an additional 36 shares during the period. Armstrong Advisory Group Inc.’s holdings in Netflix were worth $575,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its position in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after buying an additional 642,920 shares during the last quarter. State Street Corp raised its holdings in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Jennison Associates LLC raised its holdings in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in Netflix during the 3rd quarter valued at $222,871,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $848.26 on Thursday. The company has a market capitalization of $362.60 billion, a P/E ratio of 48.01, a PEG ratio of 1.35 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a 50-day simple moving average of $881.04 and a 200 day simple moving average of $755.96. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75.

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

Insider Buying and Selling

In other news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at $26,975,430. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. This represents a 24.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Evercore ISI upped their price objective on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Citigroup boosted their price target on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. dropped their price target on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $845.82.

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.