JBF Capital Inc. Boosts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

JBF Capital Inc. lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 38.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,000 shares of the Internet television network's stock after purchasing an additional 1,400 shares during the quarter. Netflix comprises about 0.8% of JBF Capital Inc.'s investment portfolio, making the stock its 15th biggest position. JBF Capital Inc.'s holdings in Netflix were worth $4,457,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NFLX. Norges Bank bought a new stake in shares of Netflix in the 4th quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC lifted its position in Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after buying an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after buying an additional 856,307 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Netflix by 318.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after buying an additional 743,724 shares during the period. Finally, Strategic Financial Concepts LLC raised its stake in shares of Netflix by 112,896.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock valued at $340,420,000 after acquiring an additional 381,590 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of Netflix stock traded up $43.41 during midday trading on Thursday, hitting $1,093.00. The company had a trading volume of 4,073,713 shares, compared to its average volume of 3,707,903. The stock has a market cap of $467.54 billion, a price-to-earnings ratio of 55.12, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 12-month low of $544.25 and a 12-month high of $1,097.04. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $953.84 and a 200 day simple moving average of $898.31.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays lifted their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday. JPMorgan Chase & Co. upped their target price on Netflix from $1,025.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Monday. Argus boosted their price objective on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Monday, January 6th. BMO Capital Markets reiterated an "outperform" rating and issued a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Evercore ISI boosted their target price on shares of Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Monday. Ten equities research 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,070.65.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the 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 sale, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 273,855 shares of company stock valued at $267,474,816. Company insiders own 1.76% of the company's stock.

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.