Boothbay Fund Management LLC Acquires 12,265 Shares of Netflix, Inc. (NASDAQ:NFLX)

Boothbay Fund Management LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 61.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,163 shares of the Internet television network's stock after purchasing an additional 12,265 shares during the quarter. Netflix comprises 0.7% of Boothbay Fund Management LLC's portfolio, making the stock its 13th largest position. Boothbay Fund Management LLC's holdings in Netflix were worth $28,668,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. Pathway Financial Advisers LLC boosted 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 acquiring an additional 14 shares in the last quarter. Transce3nd LLC purchased a new position in shares of Netflix in the 4th quarter worth about $32,000. Newton One Investments LLC bought a new position in Netflix in the 4th quarter worth about $34,000. Pineridge Advisors LLC grew its position in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its stake in Netflix by 51.6% during the 4th 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 in the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Argus raised their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Canaccord Genuity Group lifted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Wells Fargo & Company upped their price target on Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a report on Monday, April 21st. KeyCorp lifted their price objective on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Oppenheimer restated an "outperform" rating and set a $1,200.00 target price (up previously from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Ten equities research 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,072.12.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 480 shares of the business's 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 SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 102,228 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 273,855 shares of company stock worth $267,474,816 over the last 90 days. Corporate insiders own 1.76% of the company's stock.

Netflix Stock Up 0.4 %

NASDAQ NFLX opened at $1,101.53 on Friday. Netflix, Inc. has a 12 month low of $544.25 and a 12 month high of $1,106.80. 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 market cap of $471.19 billion, a PE ratio of 55.55, a P/E/G ratio of 2.12 and a beta of 1.55. The stock's 50 day moving average is $955.92 and its 200 day moving average is $903.65.

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

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.

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