Thoroughbred Financial Services LLC Buys 2,223 Shares of Netflix, Inc. (NASDAQ:NFLX)

Thoroughbred Financial Services LLC increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 118.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,107 shares of the Internet television network's stock after buying an additional 2,223 shares during the quarter. Thoroughbred Financial Services LLC's holdings in Netflix were worth $3,660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Pathway Financial Advisers LLC grew its position in Netflix by 82.4% during 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 purchased a new position in shares of Netflix during the fourth quarter valued at $34,000. Pineridge Advisors LLC raised its position 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 buying an additional 40 shares during the period. Princeton Global Asset Management LLC lifted its stake in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after acquiring an additional 16 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in Netflix during the 4th quarter worth about $43,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on NFLX. Pivotal Research raised their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Robert W. Baird boosted their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Benchmark raised Netflix from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix 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 given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,023.74.

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Netflix Trading Down 6.7 %

NASDAQ NFLX traded down $61.19 on Friday, reaching $855.86. The company had a trading volume of 6,781,959 shares, compared to its average volume of 3,625,380. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The stock's 50 day moving average is $970.24 and its 200-day moving average is $875.80. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $366.10 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business posted $2.11 earnings per share. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, Director Richard N. Barton sold 6,364 shares of the business's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. This trade represents a 98.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 280,676 shares of company stock worth $273,515,672. Corporate insiders own 1.76% of the company's stock.

Netflix Company 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.