Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 125.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,774 shares of the Internet television network's stock after purchasing an additional 4,329 shares during the quarter. Netflix accounts for approximately 0.7% of Headlands Technologies LLC's holdings, making the stock its 22nd biggest position. Headlands Technologies LLC's holdings in Netflix were worth $6,929,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC lifted its position 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. Newton One Investments LLC bought a new position in shares of Netflix in the fourth quarter worth approximately $34,000. Pineridge Advisors LLC lifted its stake in shares of 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 buying an additional 40 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Netflix in the third quarter worth about $38,000. Finally, Princeton Global Asset Management LLC increased its holdings in shares of 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 purchasing an additional 16 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

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Netflix Price Performance

Shares of NASDAQ:NFLX traded down $54.41 during midday trading on Friday, reaching $862.64. 3,275,213 shares of the company's stock traded hands, compared to its average volume of 3,608,871. The company has a market cap of $369.00 billion, a P/E ratio of 43.45, a PEG ratio of 2.12 and a beta of 1.38. The company has a fifty day simple moving average of $972.68 and a two-hundred day simple moving average of $873.52. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the previous year, the firm posted $2.11 EPS. Netflix's revenue was up 16.0% compared to the same quarter last year. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 617 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Insiders have sold a total of 280,676 shares of company stock valued at $273,515,672 in the last 90 days. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NFLX. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target for the company in a research note on Thursday, January 23rd. Piper Sandler restated an "overweight" rating and issued a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. StockNews.com cut shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Guggenheim reiterated a "buy" rating and issued a $1,100.00 price target on shares of Netflix in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,023.74.

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.