Alpha DNA Investment Management LLC Buys Shares of 546 Netflix, Inc. (NASDAQ:NFLX)

Alpha DNA Investment Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 546 shares of the Internet television network's stock, valued at approximately $487,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in Netflix in the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC lifted its holdings in 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 valued at $1,716,662,000 after buying an additional 1,924,423 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after acquiring an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Netflix by 318.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake in shares of Netflix by 112,896.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock valued at $340,420,000 after purchasing an additional 381,590 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of research analyst reports. Sanford C. Bernstein upgraded Netflix from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft boosted their target price 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. Bank of America raised their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Benchmark reiterated a "hold" rating on shares of Netflix in a report on Monday. Finally, Piper Sandler started coverage on Netflix in a research note on Thursday, April 17th. They issued an "overweight" rating and a $1,100.00 target price for the company. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,070.65.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $0.44 during midday trading on Wednesday, hitting $1,039.90. The company's stock had a trading volume of 3,741,558 shares, compared to its average volume of 3,700,684. Netflix, Inc. has a one year low of $544.25 and a one year high of $1,064.97. The firm has a market capitalization of $444.82 billion, a price-to-earnings ratio of 52.44, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average price of $954.01 and a 200 day moving average price of $897.26.

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

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,472 shares of company stock worth $268,079,297. 1.76% of the stock is 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.