Whelan Financial Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Whelan Financial purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 266 shares of the Internet television network's stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Capital & Planning LLC acquired a new position in Netflix during the fourth quarter valued at $809,000. Ameritas Advisory Services LLC grew its stake in Netflix by 35.3% during the 4th quarter. Ameritas Advisory Services LLC now owns 3,733 shares of the Internet television network's stock valued at $3,327,000 after acquiring an additional 973 shares in the last quarter. City Holding Co. increased its holdings in shares of Netflix by 29.5% in the 4th quarter. City Holding Co. now owns 2,873 shares of the Internet television network's stock valued at $2,561,000 after purchasing an additional 654 shares during the period. LVW Advisors LLC increased its holdings in shares of Netflix by 0.9% in the 4th quarter. LVW Advisors LLC now owns 1,630 shares of the Internet television network's stock valued at $1,453,000 after purchasing an additional 15 shares during the period. Finally, Diversify Wealth Management LLC lifted its position in shares of Netflix by 13.2% in the fourth quarter. Diversify Wealth Management LLC now owns 2,665 shares of the Internet television network's stock worth $2,233,000 after purchasing an additional 310 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock valued at $138,483,256 in the last 90 days. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NFLX shares. The Goldman Sachs Group boosted their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Evercore ISI restated an "outperform" rating on shares of Netflix in a report on Thursday. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a report on Monday. Macquarie boosted their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Finally, Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,102.79.

Netflix Price Performance

NASDAQ:NFLX opened at $1,191.64 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a 50-day moving average of $1,014.78 and a 200-day moving average of $951.31. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,196.50. The company has a market capitalization of $507.13 billion, a price-to-earnings ratio of 60.09, a PEG ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter last year, the company earned $8.28 earnings per share. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 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.

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