Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 139.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,042 shares of the Internet television network's stock after buying an additional 1,189 shares during the period. Peregrine Asset Advisers Inc.'s holdings in Netflix were worth $1,820,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Nordea Investment Management AB boosted its holdings in Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock worth $760,918,000 after buying an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network's stock worth $1,829,494,000 after acquiring an additional 29,726 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network's stock valued at $434,398,000 after acquiring an additional 11,921 shares during the period. M&T Bank Corp grew its position in shares of Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock valued at $29,751,000 after acquiring an additional 1,684 shares during the period. Finally, Quilter Plc increased its stake in shares of Netflix by 8.2% in the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock valued at $128,133,000 after purchasing an additional 10,946 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 4,939 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 685 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total value of $691,555.45. Following the transaction, the chief financial officer now owns 3,691 shares of the company's stock, valued at $3,726,322.87. This trade represents a 15.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 303,220 shares of company stock worth $289,856,164 over the last ninety days. Corporate insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. KeyCorp raised their price objective on Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Bank of America increased their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Oppenheimer lifted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Citigroup upped their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.70.

Netflix Trading Down 2.1 %

Shares of NASDAQ:NFLX traded down $21.39 during midday trading on Friday, reaching $1,003.15. 3,730,394 shares of the company's stock were exchanged, compared to its average volume of 3,484,255. The stock has a market cap of $429.10 billion, a price-to-earnings ratio of 50.59, a P/E/G ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The firm's 50 day simple moving average is $940.55 and its two-hundred day simple moving average is $819.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same period last year, the business earned $2.11 earnings per share. The business's revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS 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.