RiverPark Advisors LLC Purchases 1,188 Shares of Netflix, Inc. (NASDAQ:NFLX)

RiverPark Advisors LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 32.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,867 shares of the Internet television network's stock after buying an additional 1,188 shares during the period. Netflix makes up 3.1% of RiverPark Advisors LLC's holdings, making the stock its 8th largest position. RiverPark Advisors LLC's holdings in Netflix were worth $4,338,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Netflix during the fourth quarter valued at $5,019,087,000. Proficio Capital Partners LLC lifted its stake in Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after buying an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after buying an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Netflix by 112,896.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock valued at $340,420,000 after acquiring an additional 381,590 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Stock Up 0.9 %

NASDAQ NFLX opened at $1,049.94 on Thursday. Netflix, Inc. has a twelve month low of $544.25 and a twelve month high of $1,064.97. The stock has a market cap of $449.12 billion, a PE ratio of 52.95, a PEG ratio of 2.12 and a beta of 1.55. The firm has a 50-day simple moving average of $953.84 and a 200 day simple moving average of $898.31. 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 (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the company earned $8.28 EPS. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. Wolfe Research upgraded shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a report on Monday. Arete Research raised Netflix to a "hold" rating in a research note on Thursday, January 23rd. Robert W. Baird upped their target price on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley raised their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday. Ten investment 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,070.65.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 41,121 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold 273,855 shares of company stock worth $267,474,816 over the last 90 days. Corporate insiders own 1.76% of the company's stock.

About Netflix

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.

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