Maiden Cove Capital LLC Takes $255,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Maiden Cove Capital LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 286 shares of the Internet television network’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ProVise Management Group LLC increased its stake in Netflix by 29.3% during the 2nd quarter. ProVise Management Group LLC now owns 508 shares of the Internet television network’s stock valued at $343,000 after purchasing an additional 115 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Netflix by 9.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,227 shares of the Internet television network’s stock worth $6,228,000 after acquiring an additional 766 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Netflix by 24.3% during the second quarter. AE Wealth Management LLC now owns 10,466 shares of the Internet television network’s stock worth $7,063,000 after acquiring an additional 2,044 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Netflix by 17.7% in the 2nd quarter. Pacer Advisors Inc. now owns 64,556 shares of the Internet television network’s stock worth $43,568,000 after acquiring an additional 9,700 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Netflix by 26.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 65,928 shares of the Internet television network’s stock valued at $44,493,000 after purchasing an additional 13,848 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.9 %

NFLX stock opened at $858.10 on Friday. The stock has a 50-day simple moving average of $884.58 and a two-hundred day simple moving average of $758.48. Netflix, Inc. has a twelve month low of $476.06 and a twelve month high of $941.75. The firm has a market capitalization of $366.80 billion, a PE ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating 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 company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. On average, equities analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $185,976. This trade represents a 95.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock valued at $127,616,898 in the last three months. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. KeyCorp raised their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. BMO Capital Markets raised their price objective on Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday. Needham & Company LLC upped their target price on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their target price on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $845.06.

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.