Penn Davis Mcfarland Inc. Invests $236,000 in Netflix, Inc. (NASDAQ:NFLX)

Penn Davis Mcfarland Inc. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 265 shares of the Internet television network’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. grew 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 valued at $34,000 after purchasing an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the third quarter worth about $37,000. FSA Wealth Management LLC purchased a new position in Netflix during the third quarter worth about $38,000. Finally, First Personal Financial Services acquired a new position in Netflix in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $185,976. This trade represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,198 shares of company stock worth $127,616,898. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. Wedbush restated an “outperform” rating and set a $950.00 price target (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. TD Cowen lifted their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Needham & Company LLC raised their price objective on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Benchmark upped their target price on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research report on Friday, January 3rd. Finally, Guggenheim lifted their price target on shares of Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $858.10 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 12 month low of $476.06 and a 12 month high of $941.75. The firm has a market capitalization of $366.80 billion, a P/E ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27. The company’s fifty day moving average price is $884.58 and its 200 day moving average price is $759.04.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.77 billion. As a group, sell-side analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.