Alpha DNA Investment Management LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Alpha DNA Investment Management LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 546 shares of the Internet television network’s stock, valued at approximately $487,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after purchasing an additional 198,148 shares during the last quarter. M&T Bank Corp raised its position in Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after acquiring an additional 1,684 shares during the period. McIlrath & Eck LLC boosted its stake in shares of Netflix by 13.8% during the 3rd quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network’s stock worth $175,000 after acquiring an additional 30 shares during the last quarter. Advisory Resource Group grew its position in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after acquiring an additional 12 shares during the period. Finally, Virtu Financial LLC increased its stake in shares of Netflix by 356.5% in the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network’s stock worth $9,844,000 after purchasing an additional 10,839 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. This trade represents a 41.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction dated 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 sale, the chairman now owns 394 shares of the company’s stock, valued at $362,933.10. The trade was a 98.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,312 shares of company stock valued at $267,919,297. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of several analyst reports. KeyCorp lowered their target price on Netflix from $1,100.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Moffett Nathanson reissued a “buy” rating and issued a $1,150.00 target price on shares of Netflix in a report on Friday. Arete Research raised shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Finally, Macquarie increased their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,023.49.

Netflix Trading Up 1.2 %

Shares of NFLX stock opened at $973.03 on Friday. The company has a market cap of $416.22 billion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s 50 day simple moving average is $954.87 and its two-hundred day simple moving average is $891.82. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the company earned $8.28 earnings per share. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.