Corps Capital Advisors LLC Purchases Shares of 2,601 Netflix, Inc. (NASDAQ:NFLX)

Corps Capital Advisors LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,601 shares of the Internet television network's stock, valued at approximately $2,318,000. Netflix makes up 2.4% of Corps Capital Advisors LLC's portfolio, making the stock its 10th biggest position.

A number of other large investors also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new stake in Netflix during the 3rd quarter valued at approximately $25,000. Pathway Financial Advisers LLC boosted its position in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after acquiring an additional 14 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after acquiring an additional 42 shares during the last quarter. Newton One Investments LLC bought a new position in Netflix during the fourth quarter worth $34,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in Netflix during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 2.3 %

Shares of NASDAQ:NFLX traded down $23.75 during trading on Friday, hitting $1,000.79. 2,695,651 shares of the company's stock were exchanged, compared to its average volume of 4,103,394. The firm has a 50-day moving average price of $938.86 and a two-hundred day moving average price of $815.63. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The firm has a market cap of $428.10 billion, a P/E ratio of 50.61, a PEG ratio of 2.16 and a beta of 1.27. 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 (NASDAQ:NFLX - Get Free Report) last released its 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. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.11 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 102,228 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 685 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the completion of the sale, the chief financial officer now owns 3,691 shares in the company, valued at $3,726,322.87. This represents a 15.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Wolfe Research upgraded Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price for the company in a research note on Thursday, January 23rd. KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Finally, Arete Research upgraded shares of Netflix to a "hold" rating in a research note on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.70.

Netflix Company 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.