334 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Farringdon Capital Ltd.

Farringdon Capital Ltd. bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 334 shares of the Internet television network's stock, valued at approximately $298,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new position in Netflix in the 4th quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC raised its stake in shares of Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after purchasing an additional 856,307 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Netflix by 318.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after purchasing an additional 743,724 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in shares of Netflix by 112,896.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock valued at $340,420,000 after buying an additional 381,590 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 0.2 %

NASDAQ:NFLX traded up $2.58 during midday trading on Wednesday, hitting $1,042.92. The stock had a trading volume of 3,449,419 shares, compared to its average volume of 3,699,625. The stock has a 50-day moving average of $954.01 and a 200 day moving average of $897.26. The company has a market capitalization of $446.12 billion, a price-to-earnings ratio of 52.59, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a one year low of $544.25 and a one year high of $1,064.97. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the firm posted $8.28 earnings per share. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other news, Director Strive Masiyiwa sold 2,813 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag sold 617 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 274,472 shares of company stock worth $268,079,297. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Moffett Nathanson reissued a "buy" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Loop Capital reiterated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research report on Wednesday, January 22nd. Finally, Barclays increased their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Monday. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,070.65.

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.