Townsquare Capital LLC Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Townsquare Capital LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,498 shares of the Internet television network's stock after purchasing an additional 3,310 shares during the quarter. Netflix makes up about 0.8% of Townsquare Capital LLC's investment portfolio, making the stock its 24th largest position. Townsquare Capital LLC's holdings in Netflix were worth $67,293,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. West Michigan Advisors LLC lifted its holdings in Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. increased its position in shares of Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after purchasing an additional 10 shares during the last quarter. MRP Capital Investments LLC raised its stake in shares of Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC boosted its holdings in shares of Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after buying an additional 10 shares during the last quarter. Finally, Enzi Wealth increased its holdings in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after buying an additional 11 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $1,100.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Robert W. Baird upped their price target on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. UBS Group decreased their price objective on Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a report on Tuesday. Oppenheimer increased their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Finally, StockNews.com lowered shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,021.31.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the sale, the chief executive officer now owns 12,950 shares of the company's stock, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the sale, the chairman now directly owns 394 shares of the company's stock, valued at $362,933.10. This represents a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 274,312 shares of company stock valued at $267,919,297 in the last three months. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Down 1.5 %

NASDAQ NFLX traded down $14.31 on Wednesday, hitting $961.97. The company's stock had a trading volume of 3,408,007 shares, compared to its average volume of 4,707,562. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $411.49 billion, a P/E ratio of 48.51, a PEG ratio of 2.12 and a beta of 1.55. The company's 50-day simple moving average is $957.71 and its 200 day simple moving average is $887.65. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (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 period in the prior year, the firm earned $2.11 earnings per share. Netflix's revenue was up 16.0% on a year-over-year basis. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.