Valley Brook Capital Group Inc. Buys Shares of 593 Netflix, Inc. (NASDAQ:NFLX)

Valley Brook Capital Group Inc. bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 593 shares of the Internet television network’s stock, valued at approximately $289,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Columbia Trust Co 01012016 lifted its holdings in shares of Netflix by 15.3% during the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after acquiring an additional 208 shares during the period. Crumly & Associates Inc. lifted its holdings in shares of Netflix by 4.1% during the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after acquiring an additional 83 shares during the period. Venture Visionary Partners LLC lifted its holdings in shares of Netflix by 15.4% during the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after acquiring an additional 1,318 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Netflix by 142.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after acquiring an additional 392,427 shares during the period. Finally, Sandy Cove Advisors LLC lifted its holdings in shares of Netflix by 10.6% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock worth $578,000 after acquiring an additional 114 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The disclosure for this sale can be found here. Insiders sold a total of 152,833 shares of company stock valued at $88,270,051 over the last 90 days. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on NFLX shares. Sanford C. Bernstein increased their price objective on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. Oppenheimer restated an “outperform” rating and issued a $725.00 price target on shares of Netflix in a report on Friday, April 19th. Morgan Stanley raised their price target on shares of Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, April 12th. KeyCorp raised their price target on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Finally, DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $631.15.

Netflix Stock Performance

Netflix stock traded up $14.19 during mid-day trading on Friday, reaching $579.34. The company’s stock had a trading volume of 3,307,524 shares, compared to its average volume of 4,520,712. The firm has a market cap of $249.67 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 1.40 and a beta of 1.23. The business has a 50 day moving average price of $602.57 and a 200-day moving average price of $528.80. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $317.95 and a twelve month high of $639.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.88 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

About Netflix

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.