Azimuth Capital Investment Management LLC Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Azimuth Capital Investment Management LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,429 shares of the Internet television network's stock after purchasing an additional 1,424 shares during the period. Azimuth Capital Investment Management LLC's holdings in Netflix were worth $13,752,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 41,121 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 617 shares of the company's stock in a transaction 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. Over the last quarter, insiders sold 274,312 shares of company stock valued at $267,919,297. Corporate insiders own 1.76% of the company's stock.

Netflix Stock Down 0.3 %

NASDAQ:NFLX traded down $2.88 during mid-day trading on Friday, hitting $918.29. 4,069,267 shares of the company's stock traded hands, compared to its average volume of 3,690,438. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $392.80 billion, a P/E ratio of 46.31, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a fifty day moving average of $960.09 and a 200 day moving average of $885.47. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The firm's revenue was up 16.0% compared to the same quarter last year. On average, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on NFLX shares. Wedbush reiterated an "outperform" rating and issued a $1,150.00 price objective on shares of Netflix in a report on Friday. Benchmark upgraded shares of Netflix from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. Piper Sandler restated an "overweight" rating and issued a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. StockNews.com lowered shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Rosenblatt Securities upgraded Netflix from a "neutral" rating to a "buy" rating and raised their price target for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Ten 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,017.31.

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.