Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 34.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,959 shares of the Internet television network’s stock after purchasing an additional 3,061 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Netflix were worth $10,659,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the 3rd quarter valued at about $25,000. Pathway Financial Advisers LLC lifted its position in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC bought a new stake in shares of Netflix during the 4th quarter worth about $34,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the 3rd quarter worth about $37,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

NASDAQ NFLX opened at $1,043.33 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $446.29 billion, a PE ratio of 52.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.27. The company has a 50 day moving average price of $936.88 and a two-hundred day moving average price of $814.17. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted 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 firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $2.11 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. 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. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Loop Capital boosted their price target on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Citigroup boosted their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, Phillip Securities downgraded shares of Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Ten equities 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

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.