Premier Fund Managers Ltd Invests $10.85 Million in Netflix, Inc. (NASDAQ:NFLX)

Premier Fund Managers Ltd purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,050 shares of the Internet television network's stock, valued at approximately $10,848,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC bought a new position in Netflix in the third quarter worth approximately $25,000. Pathway Financial Advisers LLC increased its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares in the last quarter. Newton One Investments LLC bought a new position in Netflix in the 4th quarter worth $34,000. Pineridge Advisors LLC lifted its holdings in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in Netflix in the 3rd quarter worth $38,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Down 1.2 %

Shares of NFLX traded down $11.09 during mid-day trading on Monday, reaching $922.76. The stock had a trading volume of 2,156,691 shares, compared to its average volume of 3,577,798. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The firm has a market cap of $394.72 billion, a price-to-earnings ratio of 46.58, a P/E/G ratio of 2.12 and a beta of 1.38. The business's fifty day moving average is $971.74 and its 200 day moving average is $869.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

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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, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm posted $2.11 earnings per share. Netflix's revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 4,939 shares of the 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 directly owns 12,950 shares in the company, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders sold a total of 288,583 shares of company stock valued at $279,611,567 in the last three months. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com downgraded Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Morgan Stanley raised their price target on Netflix from $1,050.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a "hold" rating to a "buy" rating and raised their target price for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Macquarie upped their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Wedbush reiterated an "outperform" rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Netflix has an average rating of "Moderate Buy" and an average target price of $1,021.02.

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.