Act Two Investors LLC Invests $250,000 in Netflix, Inc. (NASDAQ:NFLX)

Act Two Investors LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 280 shares of the Internet television network's stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Pathway Financial Advisers LLC increased its position in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC bought a new position in shares of Netflix during the 4th quarter worth $34,000. Pineridge Advisors LLC increased its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after purchasing an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in Netflix during the fourth quarter worth about $43,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 5.7 %

NASDAQ NFLX traded up $52.95 during trading on Tuesday, hitting $984.23. The company had a trading volume of 5,715,636 shares, compared to its average volume of 3,700,250. The company's fifty day moving average is $958.50 and its 200-day moving average is $887.03. The company has a market cap of $421.01 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth 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. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50.

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Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the previous year, the firm posted $2.11 EPS. The business's revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Benchmark raised shares of Netflix from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Robert W. Baird raised their price target on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Argus boosted 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. Finally, Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective on the stock in a report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,021.31.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Insiders have sold a total of 274,312 shares of company stock valued at $267,919,297 over the last ninety days. Company insiders own 1.76% of the company's stock.

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.