ERn Financial LLC Has $1.08 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

ERn Financial LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,207 shares of the Internet television network’s stock after buying an additional 69 shares during the quarter. ERn Financial LLC’s holdings in Netflix were worth $1,075,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in Netflix during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of 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 period. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC acquired a new position in Netflix in the 3rd quarter worth about $38,000. Finally, First Personal Financial Services bought a new position in Netflix during the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 2.4 %

NASDAQ NFLX opened at $848.26 on Thursday. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50 day moving average price is $881.04 and its two-hundred day moving average price is $755.96. The stock has a market capitalization of $362.60 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. As a group, analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on NFLX. Argus boosted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Citigroup increased their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. The Goldman Sachs Group upped their price target on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. KeyCorp lifted their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $845.82.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock worth $131,030,268 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

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.