1,143 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Napatree Capital LLC

Napatree Capital LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,143 shares of the Internet television network’s stock, valued at approximately $557,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors grew its position in shares of Netflix by 0.7% during the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after acquiring an additional 78,320 shares during the period. Jennison Associates LLC grew its position in shares of Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after acquiring an additional 1,573,978 shares during the period. Norges Bank acquired a new stake in Netflix in the 4th quarter worth about $2,558,598,000. Northern Trust Corp boosted its holdings in Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after buying an additional 96,938 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Netflix by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after buying an additional 78,298 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NFLX shares. Rosenblatt Securities raised their target price on shares of Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. UBS Group upped their price objective on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Canaccord Genuity Group cut Netflix from a “buy” rating to a “hold” rating and decreased their price objective for the company from $720.00 to $585.00 in a report on Friday, April 19th. Wells Fargo & Company upped their price objective on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, KeyCorp upped their price target on Netflix from $705.00 to $707.00 and gave the stock an “overweight” rating in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $632.06.

Netflix Price Performance

NASDAQ NFLX opened at $679.54 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $616.48 and a 200 day simple moving average of $571.10. The company has a market cap of $292.88 billion, a P/E ratio of 46.90, a P/E/G ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $682.71.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.88 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 18.31 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Anne M. Sweeney sold 633 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Anne M. Sweeney sold 633 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 268 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The disclosure for this sale can be found here. Insiders sold a total of 69,425 shares of company stock valued at $41,919,791 in the last ninety days. Company insiders own 1.76% of the company’s stock.

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.