Friedenthal Financial Invests $757,000 in Netflix, Inc. (NASDAQ:NFLX)

Friedenthal Financial acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 849 shares of the Internet television network’s stock, valued at approximately $757,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Claro Advisors LLC lifted its stake in shares of Netflix by 3.4% in the 4th quarter. Claro Advisors LLC now owns 3,805 shares of the Internet television network’s stock valued at $3,392,000 after purchasing an additional 126 shares during the period. Abound Wealth Management lifted its stake in Netflix by 9.1% in the fourth quarter. Abound Wealth Management now owns 382 shares of the Internet television network’s stock valued at $341,000 after buying an additional 32 shares during the period. Enterprise Bank & Trust Co bought a new position in Netflix during the fourth quarter worth about $221,000. Harbour Capital Advisors LLC increased its stake in Netflix by 2.2% in the fourth quarter. Harbour Capital Advisors LLC now owns 1,316 shares of the Internet television network’s stock valued at $1,159,000 after purchasing an additional 28 shares in the last quarter. Finally, JCIC Asset Management Inc. raised its holdings in Netflix by 24.6% in the fourth quarter. JCIC Asset Management Inc. now owns 558 shares of the Internet television network’s stock worth $497,000 after purchasing an additional 110 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Activity

In related news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is currently owned by insiders.

Netflix Trading Up 0.3 %

Shares of NASDAQ:NFLX traded up $2.60 during mid-day trading on Monday, reaching $840.29. 2,952,269 shares of the company’s stock were exchanged, compared to its average volume of 2,950,649. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a twelve month low of $475.26 and a twelve month high of $941.75. The firm 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. The business’s fifty day moving average price is $878.06 and its 200-day moving average price is $753.78.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The company 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%. On average, research analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research analyst reports. Citigroup raised their price objective on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. KeyCorp lifted their price objective on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Needham & Company LLC increased their target price on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Barclays reiterated an “underweight” rating and issued a $550.00 price target on shares of Netflix in a report on Friday, October 18th. Finally, Evercore ISI raised their price objective on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $832.94.

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.