379 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Runnymede Capital Advisors Inc.

Runnymede Capital Advisors Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 379 shares of the Internet television network's stock, valued at approximately $338,000.

Other large investors have also added to or reduced their stakes in the company. West Michigan Advisors LLC grew its position in shares of Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after buying an additional 10 shares during the last quarter. Warwick Investment Management Inc. lifted its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC boosted its holdings in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after acquiring an additional 10 shares during the last quarter. Enzi Wealth increased its position in Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after purchasing an additional 11 shares during the period. Finally, TCI Wealth Advisors Inc. raised its holdings in Netflix by 1.6% during the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock worth $624,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

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Insider Activity

In other news, Director Ann Mather sold 2,682 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 35,868 shares of Netflix stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at $101,241.12. This trade represents a 99.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock valued at $279,142,041 in the last ninety days. 1.76% of the stock is currently owned by insiders.

Netflix Stock Up 2.6 %

NASDAQ:NFLX traded up $25.29 on Tuesday, hitting $997.28. The stock had a trading volume of 3,775,858 shares, compared to its average volume of 3,480,373. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The firm's fifty day simple moving average is $961.71 and its two-hundred day simple moving average is $861.09. 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 stock has a market cap of $426.59 billion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during 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%. Netflix's revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $2.11 earnings per share. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NFLX shares. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Robert W. Baird upped their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein raised Netflix from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Moffett Nathanson upgraded Netflix from a "neutral" rating to a "buy" rating and upped their target price for the company from $850.00 to $1,100.00 in a research report on Monday, March 17th. Finally, The Goldman Sachs Group lifted their target price on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,016.78.

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.