Silicon Valley Capital Partners lifted its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 52.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 640 shares of the Internet television network’s stock after acquiring an additional 220 shares during the quarter. Silicon Valley Capital Partners’ holdings in Netflix were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% in the third 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 period. Newton One Investments LLC purchased a new stake in shares of Netflix in the fourth quarter valued at about $34,000. MidAtlantic Capital Management Inc. purchased a new position in Netflix during the third quarter worth about $37,000. Finally, FSA Wealth Management LLC purchased a new position in Netflix during the third quarter worth about $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
NFLX has been the subject of several recent research reports. Phillip Securities lowered shares of Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Ten research 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 company. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.
Insider Activity
In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold 298,870 shares of company stock valued at $285,287,314 in the last ninety days. 1.76% of the stock is owned by company insiders.
Netflix Price Performance
Netflix stock opened at $1,013.93 on Monday. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,027.76. The stock’s fifty day moving average price is $917.36 and its two-hundred day moving average price is $791.20. 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 has a market cap of $433.72 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.
Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data 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 return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the business posted $2.11 EPS. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.
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.
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