Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Tang Capital Management LLC

Tang Capital Management LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 214.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,344 shares of the Internet television network’s stock after purchasing an additional 917 shares during the period. Tang Capital Management LLC’s holdings in Netflix were worth $1,198,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Pathway Financial Advisers LLC boosted its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter worth approximately $32,000. Newton One Investments LLC acquired a new stake in shares of Netflix in the fourth quarter worth approximately $34,000. Pineridge Advisors LLC boosted its stake in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after acquiring an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in shares of Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after acquiring an additional 16 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX stock opened at $1,191.53 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $507.08 billion, a PE ratio of 60.09, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,196.50. The business’s fifty day moving average price is $1,009.34 and its 200 day moving average price is $946.93.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the business earned $8.28 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Phillip Securities raised Netflix from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 21st. Pivotal Research lifted their price target on Netflix from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. FBN Securities started coverage on Netflix in a research note on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price objective on the stock. Wedbush reissued an “outperform” rating and set a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. Finally, Piper Sandler set a $1,150.00 price objective on Netflix and gave the stock an “overweight” rating in a research note on Monday, April 21st. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,093.39.

Insider Transactions at Netflix

In other Netflix news, Director Ann Mather sold 1,358 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cletus R. Willems sold 298 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $35,972,180. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 132,868 shares of company stock valued at $138,483,256. 1.76% of the stock is currently owned by corporate insiders.

About Netflix

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.