AJOVista LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

AJOVista LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 403 shares of the Internet television network’s stock, valued at approximately $196,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Provence Wealth Management Group boosted its holdings in Netflix by 15.5% in the fourth quarter. Provence Wealth Management Group now owns 885 shares of the Internet television network’s stock worth $431,000 after purchasing an additional 119 shares during the period. Legacy Financial Advisors Inc. boosted its holdings in Netflix by 8.1% in the fourth quarter. Legacy Financial Advisors Inc. now owns 3,793 shares of the Internet television network’s stock worth $1,847,000 after purchasing an additional 284 shares during the period. Sapient Capital LLC acquired a new position in Netflix in the fourth quarter worth $46,006,000. U.S. Capital Wealth Advisors LLC boosted its holdings in Netflix by 33.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 5,218 shares of the Internet television network’s stock worth $2,541,000 after purchasing an additional 1,303 shares during the period. Finally, M&T Bank Corp boosted its holdings in Netflix by 0.5% in the fourth quarter. M&T Bank Corp now owns 38,285 shares of the Internet television network’s stock worth $18,641,000 after purchasing an additional 206 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the transaction, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the transaction, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the transaction, the chief executive officer now owns 1,278 shares in the company, valued at approximately $717,379.74. The disclosure for this sale can be found here. Insiders have sold 152,833 shares of company stock worth $88,270,051 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NFLX shares. Seaport Res Ptn downgraded shares of Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Guggenheim raised their target price on Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Pivotal Research raised their target price on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, Redburn Atlantic raised their target price on Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $631.15.

Netflix Trading Up 2.5 %

NASDAQ NFLX traded up $14.19 on Friday, hitting $579.34. 3,307,524 shares of the company were exchanged, compared to its average volume of 4,520,712. The company’s 50 day moving average price is $602.57 and its 200-day moving average price is $526.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $249.67 billion, a P/E ratio of 40.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a twelve month low of $317.95 and a twelve month high of $639.00.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.88 EPS. Analysts predict that Netflix, Inc. will post 18.3 earnings per share for the current fiscal 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.