Vista Capital Partners Inc. Takes $265,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Vista Capital Partners Inc. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 297 shares of the Internet television network’s stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Werba Rubin Papier Wealth Management raised its position in shares of Netflix by 2.4% during the 4th quarter. Werba Rubin Papier Wealth Management now owns 719 shares of the Internet television network’s stock worth $641,000 after buying an additional 17 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Netflix by 10.7% in the 4th quarter. Global Retirement Partners LLC now owns 10,039 shares of the Internet television network’s stock worth $8,948,000 after purchasing an additional 969 shares in the last quarter. DSM Capital Partners LLC raised its holdings in shares of Netflix by 7.8% in the 4th quarter. DSM Capital Partners LLC now owns 235 shares of the Internet television network’s stock worth $209,000 after purchasing an additional 17 shares in the last quarter. Convergence Investment Partners LLC raised its holdings in shares of Netflix by 68.1% in the 4th quarter. Convergence Investment Partners LLC now owns 2,429 shares of the Internet television network’s stock worth $2,165,000 after purchasing an additional 984 shares in the last quarter. Finally, Atlas Legacy Advisors LLC bought a new stake in shares of Netflix in the 4th quarter worth approximately $430,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NFLX. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 35,868 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the sale, the chairman now directly owns 114 shares in the company, valued at $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $1,035.85 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $443.10 billion, a P/E ratio of 52.24, a price-to-earnings-growth ratio of 2.19 and a beta of 1.27. The company’s 50 day moving average price is $934.75 and its two-hundred day moving average price is $812.56. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm 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 business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the company posted $2.11 EPS. On average, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.