1,362 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by May Hill Capital LLC

May Hill Capital LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,362 shares of the Internet television network's stock, valued at approximately $1,214,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock valued at $1,200,485,000 after acquiring an additional 198,148 shares during the period. Tradition Wealth Management LLC boosted its stake in shares of Netflix by 11.1% during the third quarter. Tradition Wealth Management LLC now owns 859 shares of the Internet television network's stock valued at $609,000 after purchasing an additional 86 shares during the period. Cobblestone Capital Advisors LLC NY grew its holdings in shares of Netflix by 5.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 681 shares of the Internet television network's stock worth $483,000 after purchasing an additional 36 shares during the last quarter. FSA Wealth Management LLC bought a new stake in Netflix during the 3rd quarter valued at about $38,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Netflix during the third quarter worth approximately $1,308,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares of the company's stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on 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. Insiders have sold a total of 280,676 shares of company stock valued at $273,515,672 over the last 90 days. 1.76% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research note on Wednesday, January 22nd. Rosenblatt Securities raised shares of Netflix from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Guggenheim restated a "buy" rating and set a $1,100.00 target price on shares of Netflix in a report on Thursday. JPMorgan Chase & Co. boosted their price target on Netflix from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised their price objective on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,023.74.

Netflix Trading Down 5.9 %

NASDAQ NFLX traded down $54.41 during trading hours on Friday, reaching $862.64. The company had a trading volume of 3,275,213 shares, compared to its average volume of 3,608,871. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $369.00 billion, a P/E ratio of 43.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The stock has a 50-day moving average of $972.68 and a 200 day moving average of $873.52. 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 released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 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 business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business posted $2.11 earnings per share. The company's quarterly revenue was up 16.0% on a year-over-year basis. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.