Prakash Investment Advisors LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Prakash Investment Advisors LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,307 shares of the Internet television network's stock, valued at approximately $8,296,000. Netflix makes up 8.2% of Prakash Investment Advisors LLC's holdings, making the stock its 3rd biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. ING Groep NV boosted its stake in Netflix by 92.2% during the fourth quarter. ING Groep NV now owns 206,732 shares of the Internet television network's stock valued at $184,264,000 after buying an additional 99,151 shares during the last quarter. Flossbach Von Storch SE boosted its stake in Netflix by 1.3% during the fourth quarter. Flossbach Von Storch SE now owns 49,850 shares of the Internet television network's stock valued at $44,432,000 after buying an additional 638 shares during the last quarter. Dash Acquisitions Inc. boosted its stake in Netflix by 9.8% during the fourth quarter. Dash Acquisitions Inc. now owns 314 shares of the Internet television network's stock valued at $305,000 after buying an additional 28 shares during the last quarter. Aspect Partners LLC boosted its stake in Netflix by 49.4% during the fourth quarter. Aspect Partners LLC now owns 115 shares of the Internet television network's stock valued at $103,000 after buying an additional 38 shares during the last quarter. Finally, First Bank & Trust bought a new position in Netflix during the fourth quarter valued at approximately $1,316,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Trading Down 2.1 %

NFLX traded down $21.39 during trading hours on Friday, reaching $1,003.15. The company's stock had a trading volume of 3,730,394 shares, compared to its average volume of 4,138,945. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The stock has a market cap of $429.11 billion, a PE ratio of 50.59, a P/E/G ratio of 2.16 and a beta of 1.27. The business's 50-day moving average is $938.86 and its 200-day moving average is $815.63. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. The firm's revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company's stock, valued at approximately $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several analyst reports. Argus raised their price objective on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective for the company in a research report on Thursday, January 23rd. StockNews.com cut Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Loop Capital boosted their price objective on Netflix from $925.00 to $1,000.00 and gave the company a "hold" rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Netflix has an average rating of "Moderate Buy" and an average price target of $1,021.70.

Netflix Profile

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.