DLK Investment Management LLC Has $2.06 Million Position in Netflix, Inc. (NASDAQ:NFLX)

DLK Investment Management LLC lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 3.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,208 shares of the Internet television network’s stock after selling 88 shares during the period. DLK Investment Management LLC’s holdings in Netflix were worth $2,059,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC lifted its position in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the 4th quarter worth $27,000. Transce3nd LLC bought a new position in Netflix in the 4th quarter valued at $32,000. Copia Wealth Management acquired a new stake in shares of Netflix in the 4th quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its stake in shares of Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX opened at $1,275.25 on Thursday. The stock has a market capitalization of $542.71 billion, a PE ratio of 60.27, a P/E/G ratio of 2.47 and a beta of 1.59. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,298.00. The firm has a fifty day simple moving average of $1,169.57 and a 200 day simple moving average of $1,018.04. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last announced 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 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter last year, the company posted $8.28 earnings per share. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,402,068.52. This represents a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares of the company’s stock, valued at approximately $362,933.10. This trade represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,660 shares of company stock worth $209,802,025. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent research reports. Cfra Research raised Netflix to a “strong-buy” rating in a report on Monday, April 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,126.00 price objective on shares of Netflix in a research note on Thursday, April 17th. Moffett Nathanson reaffirmed a “buy” rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Rosenblatt Securities upped their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Finally, Wedbush restated an “outperform” rating and issued a $1,200.00 price target on shares of Netflix in a research report on Monday, May 5th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,172.73.

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.