Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by CoreCap Advisors LLC

CoreCap Advisors LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 21.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,001 shares of the Internet television network’s stock after acquiring an additional 1,241 shares during the quarter. CoreCap Advisors LLC’s holdings in Netflix were worth $6,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NFLX. Pathway Financial Advisers LLC boosted its position in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares during the period. Transce3nd LLC acquired a new stake in Netflix in the fourth quarter worth about $32,000. Newton One Investments LLC bought a new position in Netflix in the 4th quarter valued at about $34,000. Pineridge Advisors LLC increased its stake in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC raised its position in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on NFLX. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $1,025.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Evercore ISI boosted their price objective on Netflix from $1,100.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Monday, April 21st. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a report on Thursday, January 23rd. Finally, Robert W. Baird lifted their target price on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,084.91.

Insider Buying and Selling

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reed Hastings sold 26,977 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the transaction, the director now owns 394 shares in the company, valued at approximately $446,421.70. This trade represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,451 shares of company stock worth $142,194,072. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.3 %

Shares of NASDAQ:NFLX opened at $1,137.69 on Wednesday. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,159.44. 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 capitalization of $484.17 billion, a P/E ratio of 57.37, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The firm has a fifty day moving average of $974.71 and a two-hundred day moving average of $925.04.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.