Waterloo Capital L.P. Purchases 695 Shares of Netflix, Inc. (NASDAQ:NFLX)

Waterloo Capital L.P. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,866 shares of the Internet television network's stock after acquiring an additional 695 shares during the quarter. Waterloo Capital L.P.'s holdings in Netflix were worth $3,446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. West Michigan Advisors LLC lifted its stake in shares of Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after buying an additional 10 shares during the period. Warwick Investment Management Inc. lifted its position in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC grew its stake in Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after purchasing an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC raised its stake in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after purchasing an additional 10 shares during the last quarter. Finally, Enzi Wealth lifted its holdings in shares of Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have weighed in on NFLX. Benchmark raised Netflix from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Wedbush reaffirmed an "outperform" rating and issued a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Robert W. Baird increased their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Moffett Nathanson upgraded Netflix from a "neutral" rating to a "buy" rating and raised their target price for the company from $850.00 to $1,100.00 in a research report on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,017.31.

Netflix Price Performance

NFLX stock traded down $0.44 during trading on Wednesday, hitting $869.96. The company had a trading volume of 2,031,505 shares, compared to its average volume of 4,614,156. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The firm has a market capitalization of $372.13 billion, a price-to-earnings ratio of 43.89, a P/E/G ratio of 2.12 and a beta of 1.55. The business has a 50 day moving average of $963.96 and a 200 day moving average of $879.39. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating 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 analysts' expectations of $10.14 billion. During the same quarter 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 predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other Netflix news, Director Jay C. Hoag sold 617 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,312 shares of company stock valued at $267,919,297 over the last three months. 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.