Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,469 shares of the Internet television network's stock after purchasing an additional 3,590 shares during the period. Netflix accounts for approximately 0.8% of Virtu Financial LLC's portfolio, making the stock its 13th largest position. Virtu Financial LLC's holdings in Netflix were worth $15,570,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NFLX. Nordea Investment Management AB increased its holdings in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after acquiring an additional 156,958 shares during the last quarter. First National Trust Co increased its stake in Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after purchasing an additional 12 shares during the last quarter. Haven Private LLC acquired a new stake in Netflix during the fourth quarter worth approximately $733,000. Sigma Planning Corp lifted its position in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after buying an additional 386 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock worth $29,751,000 after buying an additional 1,684 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

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Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 30,485 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $981.92, for a total value of $29,933,831.20. Following the sale, the chairman now directly owns 394 shares of the company's stock, valued at approximately $386,876.48. This trade represents a 98.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at approximately $12,700,583. This represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock valued at $279,142,041 over the last quarter. Insiders own 1.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NFLX shares. Wolfe Research raised shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price on the stock in a research report on Thursday, January 23rd. Macquarie lifted their target price on Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Needham & Company LLC boosted their target price on Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Finally, Arete Research upgraded Netflix to a "hold" rating in a research note on Thursday, January 23rd. Ten 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,016.78.

Netflix Price Performance

NASDAQ NFLX traded up $25.29 during mid-day trading 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. The company has a 50 day simple moving average of $961.71 and a 200 day simple moving average of $861.09. 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 company has a market cap of $426.59 billion, a price-to-earnings ratio of 50.29, a P/E/G ratio of 2.12 and a beta of 1.38. 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 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company's quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.11 earnings per share. Equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.