Winebrenner Capital Management LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Winebrenner Capital Management LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,000 shares of the Internet television network's stock, valued at approximately $1,783,000. Netflix accounts for about 1.4% of Winebrenner Capital Management LLC's investment portfolio, making the stock its 16th largest position.

A number of other institutional investors have also recently made changes to their positions in NFLX. Pathway Financial Advisers LLC boosted 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 valued at $27,000 after buying an additional 14 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the third quarter worth about $25,000. Newton One Investments LLC purchased a new position in Netflix during the 4th quarter valued at about $34,000. Pineridge Advisors LLC lifted its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC raised its stake in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of Netflix stock traded down $21.39 during trading on Friday, reaching $1,003.15. 3,730,394 shares of the stock traded hands, compared to its average volume of 3,484,255. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $429.10 billion, a price-to-earnings ratio of 50.59, a P/E/G ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The business has a fifty day simple moving average of $940.55 and a two-hundred day simple moving average of $819.90.

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

Insider Activity

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Canaccord Genuity Group raised Netflix from a "hold" rating to a "buy" rating and raised their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. The Goldman Sachs Group increased their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. StockNews.com cut Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Loop Capital raised their target price on Netflix from $925.00 to $1,000.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,021.70.

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.