ZEGA Investments LLC Takes $1.04 Million Position in Netflix, Inc. (NASDAQ:NFLX)

ZEGA Investments LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,064 shares of the Internet television network's stock, valued at approximately $1,040,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Millstone Evans Group LLC bought a new position in Netflix in the 4th quarter valued at about $216,000. Mindset Wealth Management LLC raised its stake in shares of Netflix by 11.9% in the fourth quarter. Mindset Wealth Management LLC now owns 621 shares of the Internet television network's stock worth $554,000 after purchasing an additional 66 shares during the last quarter. 1620 Investment Advisors Inc. lifted its holdings in shares of Netflix by 214.3% in the fourth quarter. 1620 Investment Advisors Inc. now owns 88 shares of the Internet television network's stock valued at $78,000 after purchasing an additional 60 shares in the last quarter. MRP Capital Investments LLC boosted its position in shares of Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after buying an additional 10 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Netflix during the fourth quarter worth $679,000. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

NASDAQ NFLX traded up $25.29 during trading on Tuesday, reaching $997.28. The company's stock had a trading volume of 3,775,858 shares, compared to its average volume of 3,480,373. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The stock has a market capitalization of $426.59 billion, a PE ratio of 50.29, a P/E/G ratio of 2.12 and a beta of 1.38. The firm has a fifty day moving average of $961.71 and a 200 day moving average of $861.09.

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Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm 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%. The business's revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.11 earnings per share. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Guggenheim raised their price objective on Netflix from $950.00 to $1,100.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. BMO Capital Markets restated 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. Phillip Securities lowered shares of Netflix from a "hold" rating to a "moderate sell" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Finally, Arete Research raised Netflix to a "hold" rating in a report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,016.78.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 30,485 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the completion of the sale, the chairman now owns 394 shares of the company's stock, valued at $386,876.48. This trade represents a 98.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is currently owned by company insiders.

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.