Hutchens & Kramer Investment Management Group LLC Purchases New Stake in Netflix, Inc. (NASDAQ:NFLX)

Hutchens & Kramer Investment Management Group LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 484 shares of the Internet television network’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Columbia Trust Co 01012016 raised its position 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 valued at $762,000 after acquiring an additional 208 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after purchasing an additional 392,427 shares in the last quarter. Smith Anglin Financial LLC grew its stake in shares of Netflix by 7.7% in the third quarter. Smith Anglin Financial LLC now owns 546 shares of the Internet television network’s stock worth $206,000 after purchasing an additional 39 shares in the last quarter. Sandy Cove Advisors LLC grew its stake in shares of Netflix by 10.6% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock worth $578,000 after purchasing an additional 114 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Netflix by 21.5% in the third quarter. Daiwa Securities Group Inc. now owns 147,770 shares of the Internet television network’s stock worth $55,798,000 after purchasing an additional 26,109 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NFLX shares. Bank of America upped their price objective on Netflix from $585.00 to $650.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Oppenheimer upped their target price on Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a report on Monday, March 11th. DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price for the company in a report on Thursday, January 25th. UBS Group increased 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. Finally, Citigroup raised their price objective on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $583.18.

Read Our Latest Report on NFLX

Netflix Stock Performance

NFLX opened at $614.31 on Tuesday. The stock’s 50 day simple moving average is $589.31 and its 200-day simple moving average is $492.09. 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 stock has a market cap of $265.85 billion, a PE ratio of 51.15, a P/E/G ratio of 1.65 and a beta of 1.22. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $634.39.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS 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 analyst estimates of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. Netflix’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. Sell-side analysts forecast that Netflix, Inc. will post 17.01 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Gregory K. Peters sold 5,352 shares of the company’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 completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $8,181,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 247,769 shares of company stock valued at $139,065,913. 2.45% of the stock is currently owned by corporate insiders.

Netflix Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLXFree Report).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.