Occidental Asset Management LLC Invests $259,000 in Netflix, Inc. (NASDAQ:NFLX)

Occidental Asset Management LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 531 shares of the Internet television network’s stock, valued at approximately $259,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new position in Netflix in the 3rd quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new stake in shares of Netflix in the third quarter valued at about $26,000. Carmel Capital Partners LLC increased its stake in shares of Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after buying an additional 58 shares during the period. Pacifica Partners Inc. acquired a new stake in shares of Netflix in the fourth quarter valued at about $41,000. Finally, KB Financial Partners LLC increased its stake in shares of Netflix by 108.5% in the second quarter. KB Financial Partners LLC now owns 98 shares of the Internet television network’s stock valued at $43,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NFLX shares. JPMorgan Chase & Co. increased their price target on Netflix from $510.00 to $610.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. KeyCorp upped their target price on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Citigroup upped their target price on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered Netflix from a “buy” rating to a “hold” rating and upped their target price for the company from $460.00 to $525.00 in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $583.18.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 25,998 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $470.51, for a total value of $12,232,318.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Netflix news, Director Ann Mather sold 3,673 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 25,998 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $470.51, for a total value of $12,232,318.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 273,767 shares of company stock valued at $151,298,232. Corporate insiders own 2.45% of the company’s stock.

Netflix Trading Down 1.0 %

Shares of NASDAQ NFLX traded down $6.20 during midday trading on Friday, reaching $607.33. The company had a trading volume of 3,708,803 shares, compared to its average volume of 3,000,718. Netflix, Inc. has a one year low of $315.62 and a one year high of $634.39. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average price is $584.25 and its 200-day moving average price is $488.53. The stock has a market cap of $262.83 billion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 1.66 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 17.01 earnings per share for the current 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.