DE Burlo Group Inc. Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

DE Burlo Group Inc. raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2,055.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,026 shares of the Internet television network's stock after buying an additional 6,700 shares during the quarter. DE Burlo Group Inc.'s holdings in Netflix were worth $6,262,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC raised its stake in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Transce3nd LLC purchased a new stake in shares of Netflix during the 4th quarter valued at about $32,000. Newton One Investments LLC purchased a new stake in shares of Netflix during the 4th quarter valued at about $34,000. Pineridge Advisors LLC lifted its holdings in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC grew its position in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after acquiring an additional 16 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NFLX shares. Benchmark restated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. UBS Group decreased their price target on Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wedbush lifted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Needham & Company LLC reiterated a "buy" rating and set a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,072.12.

Netflix Trading Up 0.4 %

Shares of NASDAQ NFLX opened at $1,101.53 on Friday. Netflix, Inc. has a 1-year low of $544.25 and a 1-year high of $1,106.80. The business has a fifty day moving average price of $955.92 and a 200 day moving average price of $903.65. The stock has a market capitalization of $471.19 billion, a P/E ratio of 55.55, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. 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 Thursday, April 17th. The Internet television network reported $6.61 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 business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior year, the firm posted $8.28 earnings per share. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 273,855 shares of company stock valued at $267,474,816 over the last 90 days. 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.

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