Virtu Financial LLC Raises Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Virtu Financial LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 25.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,469 shares of the Internet television network’s stock after buying an additional 3,590 shares during the period. Netflix makes up 0.8% of Virtu Financial LLC’s portfolio, making the stock its 13th largest holding. Virtu Financial LLC’s holdings in Netflix were worth $15,570,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. Sciencast Management LP boosted its stake in shares of Netflix by 6.7% during the 4th quarter. Sciencast Management LP now owns 2,822 shares of the Internet television network’s stock worth $2,515,000 after purchasing an additional 177 shares during the period. ZEGA Investments LLC purchased a new position in shares of Netflix during the 4th quarter worth about $1,040,000. Millstone Evans Group LLC purchased a new position in shares of Netflix during the 4th quarter worth about $216,000. Mindset Wealth Management LLC boosted its stake in shares of Netflix by 11.9% during the 4th quarter. Mindset Wealth Management LLC now owns 621 shares of the Internet television network’s stock worth $554,000 after purchasing an additional 66 shares during the period. Finally, 1620 Investment Advisors Inc. lifted its holdings in Netflix by 214.3% during the 4th quarter. 1620 Investment Advisors Inc. now owns 88 shares of the Internet television network’s stock valued at $78,000 after buying an additional 60 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Moffett Nathanson upgraded shares of Netflix from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $850.00 to $1,100.00 in a report on Monday, March 17th. Bank of America lifted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Piper Sandler reiterated an “overweight” rating and set a $1,100.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Evercore ISI lifted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,016.78.

Netflix Stock Up 1.0 %

NFLX stock opened at $960.29 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s fifty day simple moving average is $959.08 and its 200-day simple moving average is $856.54. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a market capitalization of $410.77 billion, a P/E ratio of 48.43, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

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 the consensus estimate 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 business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.11 EPS. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,103 shares of company stock worth $279,142,041. 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.