Cathy Pareto & Associates Inc. Buys Shares of 330 Netflix, Inc. (NASDAQ:NFLX)

Cathy Pareto & Associates Inc. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 330 shares of the Internet television network’s stock, valued at approximately $294,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its holdings in shares of Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after purchasing an additional 29,726 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares during the period. M&T Bank Corp lifted its holdings in shares of Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after purchasing an additional 1,684 shares during the period. Finally, Kestra Investment Management LLC bought a new position in Netflix during the third quarter worth $1,517,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $977.59 on Monday. The company’s fifty day moving average price is $895.13 and its 200-day moving average price is $767.55. The firm has a market capitalization of $417.88 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a one year low of $542.01 and a one year high of $999.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same quarter in the prior year, the company earned $2.11 EPS. The firm’s revenue was up 16.0% on a year-over-year basis. On average, equities research analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NFLX. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their target price for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. The Goldman Sachs Group lifted their price target on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Argus lifted their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Activity

In other Netflix news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction 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. In the last 90 days, insiders sold 147,117 shares of company stock valued at $123,913,691. 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.