Valley Brook Capital Group Inc. Makes New $289,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Valley Brook Capital Group Inc. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, Holdings Channel reports. The firm bought 593 shares of the Internet television network’s stock, valued at approximately $289,000.

A number of other institutional investors have also recently bought and sold shares of NFLX. KFA Private Wealth Group LLC lifted its holdings in shares of Netflix by 1.9% during the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after acquiring an additional 18 shares during the period. Addison Advisors LLC lifted its holdings in shares of Netflix by 7.8% during the 4th quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after acquiring an additional 20 shares during the period. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Netflix by 1.6% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after acquiring an additional 21 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in shares of Netflix by 5.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock worth $191,000 after acquiring an additional 22 shares during the period. Finally, Centurion Wealth Management LLC lifted its holdings in shares of Netflix by 2.4% during the 4th quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock worth $479,000 after acquiring an additional 23 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on NFLX shares. Loop Capital increased their price objective on shares of Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Canaccord Genuity Group reissued a “hold” rating and issued a $585.00 price objective (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. Redburn Atlantic increased their price objective on shares of Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Oppenheimer reissued an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $631.15.

Netflix Stock Up 2.5 %

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

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results 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 business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company posted $2.88 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 18.3 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at $717,379.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at $717,379.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of 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. Over the last ninety days, insiders sold 152,833 shares of company stock worth $88,270,051. 1.76% of the stock is currently owned by company insiders.

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.