Capital Performance Advisors LLP Acquires Shares of 473 Netflix, Inc. (NASDAQ:NFLX)

Capital Performance Advisors LLP bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 473 shares of the Internet television network’s stock, valued at approximately $230,000.

A number of other large investors also recently modified their holdings of the company. Authentikos Wealth Advisory LLC bought a new stake in Netflix during the third quarter worth $25,000. Spartan Planning & Wealth Management bought a new stake in Netflix in the 3rd quarter worth about $26,000. Carmel Capital Partners LLC increased its stake in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after buying an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in shares of Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new stake in Netflix during the fourth quarter worth $41,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NFLX shares. Pivotal Research upped their price objective on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Oppenheimer restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Friday, April 19th. CICC Research started coverage on Netflix in a research note on Thursday. They issued an “outperform” rating and a $650.00 price objective for the company. Benchmark restated a “sell” rating and issued a $440.00 price objective on shares of Netflix in a research note on Thursday, April 18th. Finally, UBS Group increased their price target on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $631.15.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at $717,379.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the transaction, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The disclosure for this sale can be found here. Insiders have sold 155,862 shares of company stock worth $90,026,871 over the last ninety days. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Up 3.0 %

Shares of NASDAQ NFLX traded up $17.63 during mid-day trading on Monday, hitting $596.97. 3,683,139 shares of the stock traded hands, compared to its average volume of 4,428,370. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a 52 week low of $322.03 and a 52 week high of $639.00. The company has a market cap of $257.27 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 1.40 and a beta of 1.23. The stock has a fifty day moving average price of $602.76 and a 200-day moving average price of $530.17.

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