Pallas Capital Advisors LLC Has $3.47 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Pallas Capital Advisors LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,889 shares of the Internet television network’s stock after acquiring an additional 23 shares during the period. Pallas Capital Advisors LLC’s holdings in Netflix were worth $3,466,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new position in shares of Netflix during the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new stake in shares of Netflix during the 3rd quarter worth approximately $40,000. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 35,868 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the sale, the chairman now directly owns 114 shares in the company, valued at $101,241.12. This represents a 99.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,742 shares of company stock valued at $131,030,268 over the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.3 %

Shares of Netflix stock opened at $840.29 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $359.19 billion, a P/E ratio of 47.55, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 52-week low of $475.26 and a 52-week high of $941.75. The stock’s 50-day simple moving average is $879.75 and its 200 day simple moving average is $754.88.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, research analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on NFLX shares. Citigroup increased their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Evercore ISI upped their price objective on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Canaccord Genuity Group raised their target price on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. dropped their price target on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Needham & Company LLC raised their price objective on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $832.94.

Netflix Company 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.