Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Advisory Alpha LLC

Advisory Alpha LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 15.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 403 shares of the Internet television network’s stock after purchasing an additional 54 shares during the period. Advisory Alpha LLC’s holdings in Netflix were worth $243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NFLX. Andrew Hill Investment Advisors Inc. acquired a new stake in shares of Netflix in the fourth quarter valued at about $30,000. Field & Main Bank acquired a new stake in Netflix in the 4th quarter worth about $30,000. Paragon Capital Management Ltd purchased a new stake in Netflix during the 4th quarter worth approximately $31,000. Accel Wealth Management raised its holdings in shares of Netflix by 85.7% during the fourth quarter. Accel Wealth Management now owns 65 shares of the Internet television network’s stock valued at $39,000 after acquiring an additional 30 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of Netflix in the fourth quarter valued at approximately $39,000. 81.37% of the stock is currently owned by institutional investors.

NFLX stock opened at $337.86 on Tuesday. The stock has a market cap of $150.10 billion, a P/E ratio of 30.06, a PEG ratio of 1.26 and a beta of 0.97. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. Netflix, Inc. has a twelve month low of $329.82 and a twelve month high of $700.99. The company’s 50 day moving average is $372.26 and its two-hundred day moving average is $513.76.

Netflix (NASDAQ:NFLX – Get Rating) last announced its quarterly earnings results on Thursday, January 20th. The Internet television network reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.51. Netflix had a net margin of 17.23% and a return on equity of 35.34%. The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.71 billion. During the same period in the previous year, the company earned $1.19 earnings per share. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post 10.86 earnings per share for the current year.

In other Netflix news, CEO Reed Hastings bought 46,900 shares of the stock in a transaction dated Thursday, January 27th. The shares were acquired at an average cost of $390.08 per share, for a total transaction of $18,294,752.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.68% of the company’s stock.

NFLX has been the topic of a number of analyst reports. KeyCorp reduced their price objective on Netflix from $725.00 to $620.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 11th. Zacks Investment Research upgraded Netflix from a “sell” rating to a “hold” rating and set a $402.00 price objective for the company in a research report on Wednesday, March 23rd. Jefferies Financial Group downgraded Netflix from a “buy” rating to a “hold” rating and reduced their target price for the company from $737.00 to $415.00 in a research report on Monday, January 24th. Monness Crespi & Hardt cut Netflix from a “buy” rating to a “neutral” rating in a report on Friday, January 21st. Finally, Morgan Stanley decreased their target price on shares of Netflix from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 14th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Hold” and a consensus price target of $535.72.

About Netflix (Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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