Potomac Fund Management Inc. ADV Acquires Shares of 331 Netflix, Inc. (NASDAQ:NFLX)

Potomac Fund Management Inc. ADV acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 331 shares of the Internet television network's stock, valued at approximately $295,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC bought a new stake in shares of Netflix in the 4th quarter worth approximately $34,000. Pineridge Advisors LLC increased its position in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the period. Princeton Global Asset Management LLC boosted its holdings in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after acquiring an additional 16 shares during the period. Finally, Decker Retirement Planning Inc. bought a new position in shares of Netflix during the fourth quarter worth about $43,000. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares in the company, valued at $362,933.10. The trade was a 98.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 280,676 shares of company stock worth $273,515,672. Company insiders own 1.76% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several research firms have commented on NFLX. Robert W. Baird upped their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Phillip Securities cut shares of Netflix from a "hold" rating to a "moderate sell" rating in a research note on Friday, January 24th. Barclays upgraded shares of Netflix from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Finally, Benchmark upgraded shares of Netflix from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Ten investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,023.74.

Netflix Stock Down 2.0 %

NASDAQ NFLX traded down $18.47 during trading on Thursday, hitting $917.05. 5,855,995 shares of the company traded hands, compared to its average volume of 3,606,797. The company has a market capitalization of $392.27 billion, a P/E ratio of 46.25, a PEG ratio of 2.12 and a beta of 1.38. The business has a fifty day simple moving average of $974.03 and a 200 day simple moving average of $873.22. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. 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 quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.