741 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Petros Family Wealth LLC

Petros Family Wealth LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 741 shares of the Internet television network's stock, valued at approximately $660,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its holdings in Netflix by 2.6% during the fourth quarter. Sterling Capital Management LLC now owns 26,735 shares of the Internet television network's stock worth $23,829,000 after buying an additional 672 shares in the last quarter. Act Two Investors LLC purchased a new position in Netflix in the 4th quarter valued at about $250,000. Coign Capital Advisors LLC purchased a new stake in Netflix in the 4th quarter valued at about $1,060,000. Quinn Opportunity Partners LLC acquired a new position in shares of Netflix during the 4th quarter valued at about $5,348,000. Finally, Tandem Wealth Advisors LLC acquired a new stake in shares of Netflix during the 4th quarter worth $230,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. This trade represents a 98.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 274,312 shares of company stock worth $267,919,297 over the last ninety days. Company insiders own 1.76% of the company's stock.

Remove Ads

Netflix Trading Down 0.2 %

NASDAQ:NFLX traded down $1.54 on Wednesday, hitting $974.74. 2,650,509 shares of the stock were exchanged, compared to its average volume of 3,706,597. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The stock has a market capitalization of $416.95 billion, a price-to-earnings ratio of 49.15, a P/E/G ratio of 2.12 and a beta of 1.55. The company's 50-day moving average price is $957.71 and its 200 day moving average price is $887.65.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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. The firm had revenue of $10.25 billion for 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%. The company's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.11 earnings per share. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on NFLX shares. Guggenheim restated a "buy" rating and issued a $1,100.00 price target on shares of Netflix in a report on Thursday, April 3rd. Oppenheimer raised their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. The Goldman Sachs Group boosted their price objective on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities upgraded shares of Netflix from a "neutral" rating to a "buy" rating and raised their price objective for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,021.31.

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.