SYM FINANCIAL Corp Takes $210,000 Position in Netflix, Inc. (NASDAQ:NFLX)

SYM FINANCIAL Corp acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 432 shares of the Internet television network’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Columbia Trust Co 01012016 raised its position in Netflix by 15.3% during the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after purchasing an additional 208 shares during the last quarter. Crumly & Associates Inc. raised its holdings in Netflix by 4.1% during the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after purchasing an additional 83 shares during the last quarter. Venture Visionary Partners LLC lifted its position in shares of Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after purchasing an additional 1,318 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Netflix by 142.6% in the 3rd 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 during the period. Finally, Sandy Cove Advisors LLC boosted its stake in shares of Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent analyst reports. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Evercore ISI upped their target price on Netflix from $640.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $585.00 target price (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. Guggenheim boosted their price target on Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Jefferies Financial Group raised their price objective on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $631.15.

Insider Activity

In related news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were 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 owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. The disclosure for this sale can be found here. Insiders have sold a total of 152,833 shares of company stock valued at $88,270,051 over the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX traded up $14.19 during trading on Friday, reaching $579.34. The company’s stock had a trading volume of 3,307,524 shares, compared to its average volume of 4,520,712. The firm has a market cap of $249.67 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23. The firm has a 50 day moving average of $602.57 and a 200-day moving average of $526.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a 12 month low of $317.95 and a 12 month high of $639.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same period in the prior year, the company earned $2.88 earnings per share. Netflix’s revenue was up 14.8% compared to the same quarter last year. Research analysts expect that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

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.