Goodman Advisory Group LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Goodman Advisory Group LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 520 shares of the Internet television network’s stock, valued at approximately $485,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in Netflix by 8.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock worth $1,227,468,000 after purchasing an additional 110,432 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Netflix during the fourth quarter worth approximately $873,000. New England Research & Management Inc. boosted its position in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock worth $1,979,000 after buying an additional 1,268 shares during the period. First National Trust Co grew its holdings in Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock worth $1,121,000 after buying an additional 12 shares in the last quarter. Finally, Haven Private LLC acquired a new stake in Netflix in the 4th quarter valued at approximately $733,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at $3,402,068.52. This represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,280 shares of company stock valued at $210,599,866. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Up 1.3%

Shares of NASDAQ:NFLX opened at $1,323.12 on Friday. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,331.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $563.08 billion, a PE ratio of 62.53, a price-to-earnings-growth ratio of 2.56 and a beta of 1.59. The firm has a 50 day simple moving average of $1,183.25 and a 200 day simple moving average of $1,024.18.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the prior year, the company earned $8.28 earnings per share. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wedbush reiterated an “outperform” rating and set a $1,200.00 price target on shares of Netflix in a research report on Monday, May 5th. FBN Securities initiated coverage on shares of Netflix in a research note on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price objective on the stock. Rosenblatt Securities increased their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a research report on Monday, April 21st. BMO Capital Markets reissued an “outperform” rating and set a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Citigroup reissued a “neutral” rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,172.73.

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.