520 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. bought a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 520 shares of the Internet television network’s stock, valued at approximately $253,000.

A number of other hedge funds also recently made changes to their positions in the company. Hartford Funds Management Co LLC purchased a new stake in Netflix during the fourth quarter valued at approximately $276,000. Savant Capital LLC raised its position in Netflix by 13.1% during the fourth quarter. Savant Capital LLC now owns 7,873 shares of the Internet television network’s stock valued at $3,833,000 after purchasing an additional 909 shares during the period. Alpha Cubed Investments LLC raised its position in Netflix by 9.9% during the fourth quarter. Alpha Cubed Investments LLC now owns 69,294 shares of the Internet television network’s stock valued at $33,738,000 after purchasing an additional 6,257 shares during the period. Brighton Jones LLC raised its position in Netflix by 2.3% during the fourth quarter. Brighton Jones LLC now owns 10,154 shares of the Internet television network’s stock valued at $4,944,000 after purchasing an additional 228 shares during the period. Finally, Auxano Advisors LLC purchased a new stake in Netflix during the fourth quarter valued at approximately $247,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, February 6th. The stock was 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 in the company, valued at approximately $17,575,476.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,573 shares of company stock worth $89,548,241. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NFLX stock traded down $8.85 during midday trading on Tuesday, reaching $550.64. The stock had a trading volume of 3,357,616 shares, compared to its average volume of 4,478,684. The stock has a market cap of $237.27 billion, a PE ratio of 38.21, a P/E/G ratio of 1.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a fifty day simple moving average of $603.56 and a two-hundred day simple moving average of $524.34. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $2.88 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 18.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NFLX shares. Rosenblatt Securities reduced their price target on Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Macquarie increased their price target on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Evercore ISI increased their price target on Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Finally, Pivotal Research increased their price target on Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

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.