Resolute Advisors LLC Invests $364,000 in Netflix, Inc. (NASDAQ:NFLX)

Resolute Advisors LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 408 shares of the Internet television network's stock, valued at approximately $364,000.

Several other large investors have also modified their holdings of NFLX. Pitcairn Co. raised its holdings in Netflix by 26.3% in the 4th quarter. Pitcairn Co. now owns 6,695 shares of the Internet television network's stock valued at $5,967,000 after buying an additional 1,395 shares during the period. Grant Private Wealth Management Inc acquired a new stake in shares of Netflix during the fourth quarter valued at about $2,696,000. Arete Wealth Advisors LLC raised its stake in shares of Netflix by 150.6% in the 4th quarter. Arete Wealth Advisors LLC now owns 2,258 shares of the Internet television network's stock valued at $2,017,000 after acquiring an additional 1,357 shares during the period. Motley Fool Asset Management LLC lifted its holdings in shares of Netflix by 16.8% in the 4th quarter. Motley Fool Asset Management LLC now owns 23,214 shares of the Internet television network's stock worth $20,691,000 after acquiring an additional 3,335 shares during the last quarter. Finally, World Investment Advisors boosted its position in shares of Netflix by 58.2% during the 4th quarter. World Investment Advisors now owns 4,328 shares of the Internet television network's stock worth $3,858,000 after purchasing an additional 1,593 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ NFLX traded down $61.19 during trading on Friday, reaching $855.86. The company's stock had a trading volume of 6,781,959 shares, compared to its average volume of 3,625,380. The business's fifty day moving average price is $970.24 and its 200-day moving average price is $875.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $366.10 billion, a price-to-earnings ratio of 43.16, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

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Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping 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 company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm earned $2.11 EPS. Netflix's quarterly revenue was up 16.0% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. This trade represents a 41.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 280,676 shares of company stock valued at $273,515,672 in the last ninety days. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Argus boosted their price objective on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Monday, January 6th. Pivotal Research boosted their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group upgraded shares of Netflix from a "hold" rating to a "buy" rating and lifted their price objective for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Finally, Guggenheim reiterated a "buy" rating and set a $1,100.00 target price on shares of Netflix in a report on Thursday. Ten 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,023.74.

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.