Rinkey Investments Invests $263,000 in Netflix, Inc. (NASDAQ:NFLX)

Rinkey Investments purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 295 shares of the Internet television network's stock, valued at approximately $263,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in Netflix by 13.3% in the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock valued at $1,200,485,000 after purchasing an additional 198,148 shares during the period. McIlrath & Eck LLC increased its position in shares of Netflix by 13.8% during the third quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock worth $175,000 after acquiring an additional 30 shares during the period. Advisory Resource Group increased its position in shares of Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock worth $1,238,000 after acquiring an additional 12 shares during the period. Virtu Financial LLC increased its position in shares of Netflix by 356.5% during the third quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network's stock worth $9,844,000 after acquiring an additional 10,839 shares during the period. Finally, SOA Wealth Advisors LLC. increased its position in shares of Netflix by 1.2% during the third quarter. SOA Wealth Advisors LLC. now owns 1,515 shares of the Internet television network's stock worth $1,075,000 after acquiring an additional 18 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity

In related news, Director Ann Mather sold 2,682 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 274,495 shares of company stock worth $268,176,922 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NFLX shares. Guggenheim reaffirmed a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Wells Fargo & Company upped their price objective on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Macquarie upped their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Pivotal Research boosted their target price on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,072.12.

Netflix Price Performance

Netflix stock traded down $3.12 during trading hours on Wednesday, hitting $1,122.52. The stock had a trading volume of 2,228,656 shares, compared to its average volume of 3,708,284. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $477.71 billion, a price-to-earnings ratio of 56.61, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1-year low of $544.25 and a 1-year high of $1,127.81. The stock's fifty day moving average is $959.28 and its two-hundred day moving average is $910.31.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the company earned $8.28 earnings per share. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.