Rip Road Capital Partners LP Has $9.76 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Rip Road Capital Partners LP increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,948 shares of the Internet television network’s stock after purchasing an additional 1,400 shares during the period. Netflix makes up 8.3% of Rip Road Capital Partners LP’s holdings, making the stock its 3rd biggest holding. Rip Road Capital Partners LP’s holdings in Netflix were worth $9,758,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Janus Henderson Group PLC boosted its position in shares of Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock worth $1,227,468,000 after acquiring an additional 110,432 shares in the last quarter. First National Trust Co lifted its stake in Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock worth $1,121,000 after purchasing an additional 12 shares during the last quarter. Haven Private LLC acquired a new stake in shares of Netflix in the 4th quarter valued at $733,000. Sigma Planning Corp boosted its holdings in shares of Netflix by 7.4% in the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after purchasing an additional 386 shares in the last quarter. Finally, Quilter Plc increased its stake in shares of Netflix by 8.2% in the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock valued at $128,133,000 after purchasing an additional 10,946 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.1%

NASDAQ NFLX opened at $1,150.99 on Thursday. The stock has a market capitalization of $489.83 billion, a P/E ratio of 58.04, a P/E/G ratio of 2.12 and a beta of 1.58. The business has a 50 day simple moving average of $997.19 and a 200 day simple moving average of $939.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,164.00.

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

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cletus R. Willems sold 298 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $35,972,180. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,868 shares of company stock worth $138,483,256. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NFLX. Evercore ISI upped their price objective on Netflix from $1,100.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group increased their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Moffett Nathanson reissued a “buy” rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, Barclays upped their target price on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Monday, April 21st. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,084.91.

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.