Yeomans Consulting Group Inc. Buys 200 Shares of Netflix, Inc. (NASDAQ:NFLX)

Yeomans Consulting Group Inc. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 39.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 704 shares of the Internet television network’s stock after buying an additional 200 shares during the quarter. Yeomans Consulting Group Inc.’s holdings in Netflix were worth $627,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Donoghue Forlines LLC lifted its holdings in shares of Netflix by 6.5% in the 4th quarter. Donoghue Forlines LLC now owns 2,279 shares of the Internet television network’s stock worth $2,031,000 after acquiring an additional 139 shares during the last quarter. Goldstein Advisors LLC lifted its stake in Netflix by 20.0% in the fourth quarter. Goldstein Advisors LLC now owns 511 shares of the Internet television network’s stock worth $455,000 after purchasing an additional 85 shares during the last quarter. Burr Financial Services LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $2,598,000. MinichMacGregor Wealth Management LLC grew its stake in shares of Netflix by 22.1% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 375 shares of the Internet television network’s stock valued at $334,000 after buying an additional 68 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Netflix by 10.9% in the fourth quarter. Raleigh Capital Management Inc. now owns 815 shares of the Internet television network’s stock worth $727,000 after buying an additional 80 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on NFLX. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Sanford C. Bernstein raised their price target on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Bank of America upped their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $996.94.

Insider Activity at Netflix

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,500 shares of company stock valued at $123,309,210 in the last ninety days. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NFLX opened at $984.86 on Friday. The company has a market cap of $420.99 billion, a P/E ratio of 49.67, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $889.11 and its 200-day moving average price is $763.41. Netflix, Inc. has a 52-week low of $537.07 and a 52-week high of $999.00.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 23.72 EPS 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.