Alterity Financial Group LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Alterity Financial Group LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 438 shares of the Internet television network’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter valued at about $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Netflix during the third quarter worth approximately $26,000. Carmel Capital Partners LLC increased its stake in 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 purchasing an additional 58 shares during the last quarter. Pacifica Partners Inc. acquired a new position in Netflix during the fourth quarter worth approximately $41,000. Finally, KB Financial Partners LLC grew its position in Netflix by 108.5% during the 2nd quarter. KB Financial Partners LLC now owns 98 shares of the Internet television network’s stock worth $43,000 after purchasing an additional 51 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Down 1.0 %

NFLX opened at $607.33 on Friday. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $634.39. The stock has a market capitalization of $262.83 billion, a PE ratio of 50.57, a PEG ratio of 1.66 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $581.81 and a two-hundred day moving average price of $487.70.

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

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total value of $3,345,000.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,181,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Netflix news, Chairman Reed Hastings sold 25,998 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $470.51, for a total value of $12,232,318.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total value of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,181,250. The disclosure for this sale can be found here. Insiders have sold a total of 273,767 shares of company stock worth $151,298,232 over the last 90 days. Insiders own 2.45% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft downgraded Netflix from a “buy” rating to a “hold” rating and lifted their price target for the stock from $460.00 to $525.00 in a research note on Wednesday, January 24th. UBS Group upped their price objective on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Macquarie raised Netflix from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $410.00 to $595.00 in a report on Wednesday, January 24th. Finally, BMO Capital Markets boosted their price target on shares of Netflix from $566.00 to $638.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $583.18.

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.