767 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, HoldingsChannel.com reports. The fund bought 767 shares of the Internet television network’s stock, valued at approximately $373,000.

A number of other large investors have also modified their holdings of the company. Regent Peak Wealth Advisors LLC raised its position in Netflix by 1.6% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after acquiring an additional 21 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Netflix by 5.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock worth $191,000 after buying an additional 22 shares in the last quarter. Centurion Wealth Management LLC boosted its holdings in Netflix by 2.4% during the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock worth $479,000 after buying an additional 23 shares in the last quarter. Secure Asset Management LLC grew its position in Netflix by 2.7% in the fourth quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock worth $440,000 after buying an additional 24 shares during the last quarter. Finally, Key Financial Inc increased its holdings in shares of Netflix by 14.4% in the third quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock valued at $75,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock traded down $3.57 during trading on Friday, hitting $561.23. 4,328,174 shares of the company’s stock traded hands, compared to its average volume of 4,516,832. The company has a market cap of $241.83 billion, a PE ratio of 38.95, a PEG ratio of 1.36 and a beta of 1.22. The firm’s fifty day moving average price is $604.54 and its 200 day moving average price is $519.46. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the previous year, the business earned $2.88 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts forecast that Netflix, Inc. will post 18.13 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Insiders have sold 154,573 shares of company stock worth $89,548,241 over the last three months. Company insiders own 2.45% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. Evercore ISI lifted their price target on Netflix from $640.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, April 19th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. TD Cowen upped their price target on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. KeyCorp lifted their price objective on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Finally, Morgan Stanley upped their target price on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Company 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.