Pamalican Asset Management Ltd Purchases Shares of 7,800 Netflix, Inc. (NASDAQ:NFLX)

Pamalican Asset Management Ltd bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,800 shares of the Internet television network's stock, valued at approximately $6,952,000. Netflix makes up about 3.1% of Pamalican Asset Management Ltd's portfolio, making the stock its 10th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. West Michigan Advisors LLC grew its stake in shares of Netflix by 1.3% in the 4th 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 last quarter. Warwick Investment Management Inc. raised its position in Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after buying an additional 10 shares during the last quarter. MRP Capital Investments LLC lifted its position in Netflix by 1.0% during the fourth 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 period. Bedell Frazier Investment Counselling LLC boosted its stake in shares of Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after buying an additional 10 shares during the last quarter. Finally, Enzi Wealth boosted its position in Netflix by 3.4% in 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 last quarter. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In other news, Director Ann Mather sold 2,682 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Oppenheimer upped their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Evercore ISI upped their price objective on Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a "hold" rating to a "buy" rating and lifted their target price for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Arete Research raised shares of Netflix to a "hold" rating in a report on Thursday, January 23rd. Finally, Pivotal Research lifted their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,020.17.

Netflix Trading Up 2.8 %

NASDAQ NFLX traded up $24.16 during trading hours on Tuesday, reaching $891.99. The company had a trading volume of 2,745,723 shares, compared to its average volume of 3,628,466. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The stock has a market capitalization of $381.55 billion, a P/E ratio of 44.79, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The stock has a 50-day moving average of $968.16 and a 200 day moving average of $878.26. 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 posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm's quarterly revenue 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, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.