Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Dnca Finance

Dnca Finance increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 70.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,177 shares of the Internet television network’s stock after acquiring an additional 6,664 shares during the quarter. Netflix makes up about 1.1% of Dnca Finance’s portfolio, making the stock its 28th biggest holding. Dnca Finance’s holdings in Netflix were worth $14,419,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Elevatus Welath Management purchased a new position in shares of Netflix during the 4th quarter worth approximately $373,000. Epoch Investment Partners Inc. raised its position in Netflix by 23.7% in the 4th quarter. Epoch Investment Partners Inc. now owns 673 shares of the Internet television network’s stock valued at $600,000 after purchasing an additional 129 shares in the last quarter. Generation Capital Management LLC purchased a new position in Netflix in the fourth quarter worth approximately $2,088,000. GeoWealth Management LLC grew its stake in shares of Netflix by 3.5% during the fourth quarter. GeoWealth Management LLC now owns 2,849 shares of the Internet television network’s stock worth $2,539,000 after purchasing an additional 96 shares in the last quarter. Finally, Capital International Ltd. CA increased its holdings in shares of Netflix by 0.3% in the 4th quarter. Capital International Ltd. CA now owns 69,138 shares of the Internet television network’s stock valued at $61,624,000 after acquiring an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.2 %

Shares of NASDAQ:NFLX opened at $973.03 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The stock has a 50-day simple moving average of $954.87 and a 200-day simple moving average of $891.82. The stock has a market capitalization of $416.22 billion, a P/E ratio of 49.07, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the firm earned $8.28 earnings per share. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 274,312 shares of company stock valued at $267,919,297 in the last ninety days. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NFLX. Robert W. Baird increased their target price on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $1,126.00 price objective on shares of Netflix in a research report on Thursday. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. KeyCorp cut their price target on shares of Netflix from $1,100.00 to $1,000.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Finally, Moffett Nathanson reaffirmed a “buy” rating and set a $1,150.00 price objective on shares of Netflix in a report on Friday. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,023.49.

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.