Thoroughbred Financial Services LLC Grows Stake in Netflix, Inc. (NASDAQ:NFLX)

by · The Cerbat Gem

Thoroughbred Financial Services LLC increased its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 118.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,107 shares of the Internet television network’s stock after acquiring an additional 2,223 shares during the period. Thoroughbred Financial Services LLC’s holdings in Netflix were worth $3,660,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC grew its stake in shares of Netflix by 82.4% during 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 period. Newton One Investments LLC purchased a new position in shares of Netflix in the fourth quarter worth approximately $34,000. Pineridge Advisors LLC grew its position in Netflix by 4,000.0% during the fourth 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. Princeton Global Asset Management LLC increased its holdings in Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after buying an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in Netflix in the fourth quarter worth approximately $43,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $917.05 on Friday. The firm has a fifty day simple moving average of $972.68 and a two-hundred day simple moving average of $873.52. 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 stock has a market capitalization of $392.27 billion, a P/E ratio of 46.25, 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.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business posted $2.11 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. On average, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 280,676 shares of company stock worth $273,515,672. 1.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent research reports. Argus boosted their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group lifted their price objective on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $1,023.74.

Check Out Our Latest Report on NFLX

About Netflix

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).