Modus Advisors LLC Purchases Shares of 177 Netflix, Inc. (NASDAQ:NFLX)

Modus Advisors LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 177 shares of the Internet television network’s stock, valued at approximately $158,000.

Several other hedge funds have also recently bought and sold shares of the company. Denver PWM LLC bought a new position in Netflix during the second quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix during the third quarter valued at $37,000. Finally, FSA Wealth Management LLC purchased a new position in Netflix in the 3rd quarter worth approximately $38,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at $25,741,260. This represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of 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. In the last quarter, insiders have sold 114,893 shares of company stock worth $93,859,830. 1.76% of the stock is owned by company insiders.

Netflix Trading Down 0.6 %

Shares of NASDAQ NFLX traded down $5.00 during trading hours on Friday, hitting $881.73. 501,854 shares of the company traded hands, compared to its average volume of 1,325,043. The company’s 50 day moving average price is $861.40 and its 200 day moving average price is $743.72. The stock has a market capitalization of $376.90 billion, a price-to-earnings ratio of 49.90, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $466.53 and a 12 month high of $941.75.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on NFLX shares. Macquarie reissued an “outperform” rating and issued a $795.00 target price on shares of Netflix in a research report on Friday, October 18th. Rosenblatt Securities raised their price objective on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Bank of America boosted their price target on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen lifted their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their price target on Netflix from $850.00 to $1,010.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $813.00.

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.