First Affirmative Financial Network Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

First Affirmative Financial Network boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,337 shares of the Internet television network’s stock after purchasing an additional 40 shares during the period. Netflix comprises 0.7% of First Affirmative Financial Network’s holdings, making the stock its 29th largest position. First Affirmative Financial Network’s holdings in Netflix were worth $1,192,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC bought a new position in Netflix during the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Netflix by 700.0% during 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 acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix during the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services purchased a new position in Netflix in 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 issued reports on NFLX. TD Cowen boosted their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Oppenheimer boosted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Pivotal Research increased their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Evercore ISI boosted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Trading Up 0.7 %

NFLX opened at $978.94 on Thursday. Netflix, Inc. has a one year low of $542.01 and a one year high of $999.00. 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 $899.64 and a two-hundred day simple moving average of $772.71. The firm has a market capitalization of $418.46 billion, a price-to-earnings ratio of 49.37, a PEG ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 earnings per share. Analysts predict that Netflix, Inc. will post 23.72 EPS for the current year.

Insider Activity

In related news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 41,601 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $64,435.10. This trade represents a 99.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,117 shares of company stock valued at $123,913,691. Corporate insiders own 1.76% of the company’s stock.

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.