Bryn Mawr Capital Management LLC Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Bryn Mawr Capital Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 868.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,433 shares of the Internet television network’s stock after buying an additional 18,324 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Netflix were worth $18,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Private Advisor Group LLC lifted its stake in Netflix by 8.9% in the 4th quarter. Private Advisor Group LLC now owns 27,026 shares of the Internet television network’s stock valued at $24,089,000 after buying an additional 2,216 shares in the last quarter. Good Life Advisors LLC raised its holdings in shares of Netflix by 11.4% in the fourth quarter. Good Life Advisors LLC now owns 5,467 shares of the Internet television network’s stock worth $4,873,000 after acquiring an additional 561 shares during the last quarter. Financial Perspectives Inc lifted its position in shares of Netflix by 458.3% in the fourth quarter. Financial Perspectives Inc now owns 67 shares of the Internet television network’s stock valued at $60,000 after acquiring an additional 55 shares in the last quarter. Vista Capital Partners Inc. acquired a new stake in shares of Netflix during the fourth quarter valued at $265,000. Finally, Werba Rubin Papier Wealth Management boosted its stake in shares of Netflix by 2.4% during the fourth quarter. Werba Rubin Papier Wealth Management now owns 719 shares of the Internet television network’s stock valued at $641,000 after acquiring an additional 17 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several analyst reports. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Morgan Stanley boosted their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Citigroup increased their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Performance

Netflix stock opened at $1,043.33 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current 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’s 50 day moving average price is $936.88 and its 200 day moving average price is $814.17. The firm has a market capitalization of $446.29 billion, a PE ratio of 52.61, a price-to-earnings-growth ratio of 2.19 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 303,220 shares of company stock worth $289,856,164 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Company 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.