Netflix, Inc. (NASDAQ:NFLX) is CV Advisors LLC’s 10th Largest Position

CV Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 722.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,213 shares of the Internet television network’s stock after acquiring an additional 4,579 shares during the quarter. Netflix comprises approximately 1.6% of CV Advisors LLC’s portfolio, making the stock its 10th biggest holding. CV Advisors LLC’s holdings in Netflix were worth $4,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the 3rd quarter worth $25,000. Pathway Financial Advisers LLC raised its stake 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. Newton One Investments LLC acquired a new position in Netflix in the 4th quarter valued at about $34,000. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the 3rd quarter valued at about $37,000. Finally, Pineridge Advisors LLC raised its stake in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock worth $279,142,041 in the last three months. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NFLX. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and lifted their price target for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Guggenheim lifted their price target on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Wedbush restated an “outperform” rating and issued a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,014.26.

Netflix Stock Performance

Shares of NFLX opened at $918.00 on Friday. 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 firm has a market cap of $392.68 billion, a price-to-earnings ratio of 46.29, a PEG ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The business’s 50 day moving average is $951.04 and its two-hundred day moving average is $848.74.

Netflix (NASDAQ:NFLX) last posted its quarterly 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 business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.11 EPS. Analysts forecast that Netflix, Inc. will post 24.58 EPS 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.