Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Vista Investment Partners LLC

Vista Investment Partners LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 388 shares of the Internet television network’s stock after buying an additional 39 shares during the period. Vista Investment Partners LLC’s holdings in Netflix were worth $362,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Brown Shipley& Co Ltd bought a new stake in Netflix during the fourth quarter valued at $27,000. Transce3nd LLC bought a new position in shares of Netflix in the 4th quarter worth about $32,000. Copia Wealth Management acquired a new position in shares of Netflix in the 4th quarter valued at about $37,000. Stuart Chaussee & Associates Inc. grew its position in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after buying an additional 45 shares during the last quarter. Finally, NewSquare Capital LLC raised its stake in Netflix by 120.0% during the fourth quarter. NewSquare Capital LLC now owns 55 shares of the Internet television network’s stock worth $49,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NFLX. Needham & Company LLC restated a “buy” rating and issued a $1,126.00 target price on shares of Netflix in a research note on Thursday, April 17th. Barclays raised their price target on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Monday, April 21st. Evercore ISI restated an “outperform” rating on shares of Netflix in a research note on Thursday, May 15th. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an “overweight” rating in a research report on Monday, April 21st. Finally, Oppenheimer boosted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,156.73.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,402,068.52. The trade was a 41.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now directly owns 394 shares of the company’s stock, valued at $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock worth $210,271,552 in the last quarter. 1.37% of the stock is currently owned by company insiders.

Netflix Stock Up 1.1%

Shares of NFLX stock opened at $1,225.35 on Tuesday. The stock’s 50 day simple moving average is $1,127.47 and its 200 day simple moving average is $1,003.32. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $521.47 billion, a price-to-earnings ratio of 61.79, a PEG ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last released its quarterly 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 net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the firm posted $8.28 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.