Jericho Financial LLP Invests $7.31 Million in Netflix, Inc. (NASDAQ:NFLX)

Jericho Financial LLP purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,197 shares of the Internet television network's stock, valued at approximately $7,306,000. Netflix comprises 5.3% of Jericho Financial LLP's investment portfolio, making the stock its 3rd largest position.

A number of other hedge funds have also recently bought and sold shares of NFLX. International Assets Investment Management LLC raised its stake in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network's stock valued at $750,713,000 after buying an additional 642,920 shares during the last quarter. State Street Corp raised its stake in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after buying an additional 426,740 shares in the last quarter. Jennison Associates LLC lifted its holdings in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock worth $4,958,417,000 after buying an additional 316,594 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Netflix in the 3rd quarter worth approximately $222,871,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 10,000 shares of Netflix stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $978.41, for a total transaction of $9,784,100.00. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at $3,611,311.31. This trade represents a 73.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Timothy M. Haley sold 647 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Insiders have sold 281,026 shares of company stock worth $267,211,135 over the last 90 days. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

NFLX opened at $994.87 on Wednesday. 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 firm has a market cap of $425.57 billion, a PE ratio of 50.17, a P/E/G ratio of 2.02 and a beta of 1.27. The business has a fifty day simple moving average of $906.93 and a 200-day simple moving average of $781.90. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,008.00.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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 business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.11 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NFLX. Citigroup upped their price target on Netflix from $725.00 to $920.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. KeyCorp increased 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. Morgan Stanley lifted their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. UBS Group increased their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Finally, 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. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.

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