1,066 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,066 shares of the Internet television network's stock, valued at approximately $950,000.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in Netflix in the 4th quarter worth approximately $154,377,000. Vestor Capital LLC increased its stake in shares of Netflix by 0.5% in the 4th quarter. Vestor Capital LLC now owns 12,031 shares of the Internet television network's stock valued at $10,723,000 after buying an additional 55 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in shares of Netflix during the fourth quarter worth $338,000. Mizuho Securities USA LLC lifted its stake in shares of Netflix by 45.6% during the fourth quarter. Mizuho Securities USA LLC now owns 40,513 shares of the Internet television network's stock valued at $36,110,000 after acquiring an additional 12,684 shares during the period. Finally, Virtu Financial LLC lifted its stake in shares of Netflix by 25.9% during the fourth quarter. Virtu Financial LLC now owns 17,469 shares of the Internet television network's stock valued at $15,570,000 after acquiring an additional 3,590 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on NFLX. StockNews.com cut Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "moderate sell" rating in a research note on Friday, January 24th. Evercore ISI raised their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. KeyCorp lifted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Finally, Macquarie increased their price target on Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,016.78.

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Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the transaction, the chairman now directly owns 114 shares in the company, valued at $101,241.12. The trade was a 99.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Down 2.7 %

Shares of NFLX stock traded down $26.63 during trading on Wednesday, reaching $970.65. The company's stock had a trading volume of 3,522,502 shares, compared to its average volume of 3,486,691. The business has a fifty day moving average price of $965.09 and a 200-day moving average price of $863.43. The company has a quick ratio of 1.22, a current 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. The company has a market cap of $415.20 billion, a price-to-earnings ratio of 48.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

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

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.