Jericho Financial LLP Takes $7.31 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Jericho Financial LLP acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,197 shares of the Internet television network’s stock, valued at approximately $7,306,000. Netflix comprises 5.3% of Jericho Financial LLP’s investment portfolio, making the stock its 3rd largest holding.

A number of other large investors have also recently bought and sold shares of the business. AMF Tjanstepension AB raised its position in shares of Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares during the period. Czech National Bank grew its stake in Netflix by 6.5% in the 3rd quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock valued at $62,008,000 after buying an additional 5,312 shares during the last quarter. Smith Anglin Financial LLC raised its holdings in Netflix by 28.4% in the 3rd quarter. Smith Anglin Financial LLC now owns 457 shares of the Internet television network’s stock worth $324,000 after acquiring an additional 101 shares during the period. City Center Advisors LLC lifted its position in Netflix by 6.0% during the 3rd quarter. City Center Advisors LLC now owns 845 shares of the Internet television network’s stock worth $599,000 after acquiring an additional 48 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Netflix by 15.3% during the 3rd quarter. Versant Capital Management Inc now owns 468 shares of the Internet television network’s stock worth $332,000 after acquiring an additional 62 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Up 1.6 %

NFLX stock opened at $994.87 on Wednesday. The business has a fifty day moving average of $906.93 and a 200-day moving average of $781.90. The company has a market cap of $425.57 billion, a P/E ratio of 50.17, a PEG ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,008.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released its earnings results 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 company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.11 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 281,026 shares of company stock worth $267,211,135. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Argus increased their price objective on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Oppenheimer upped their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.