Advanced Portfolio Management LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Advanced Portfolio Management LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 373 shares of the Internet television network’s stock, valued at approximately $364,000.

A number of other large investors have also made changes to their positions in NFLX. Pathway Financial Advisers LLC increased its position in shares of Netflix by 82.4% during 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 in the last quarter. Transce3nd LLC acquired a new position in Netflix in the 4th quarter worth $32,000. Newton One Investments LLC bought a new stake in shares of Netflix in the fourth quarter valued at about $34,000. Pineridge Advisors LLC boosted its position in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NFLX. Canaccord Genuity Group lifted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, April 21st. Morgan Stanley lifted their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Rosenblatt Securities raised their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Bank of America upped their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised their target price on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,084.91.

Netflix Stock Performance

NFLX opened at $1,156.49 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 52-week low of $565.16 and a 52-week high of $1,159.44. The firm has a market cap of $492.17 billion, a P/E ratio of 58.32, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The business’s fifty day moving average is $968.34 and its 200-day moving average is $917.85.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the company posted $8.28 earnings per share. Sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Reed Hastings sold 26,977 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the transaction, the director now directly owns 394 shares of the company’s stock, valued at $446,421.70. This trade represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,759 shares of company stock valued at $186,744,388 over the last three months. 1.76% of the stock is owned by insiders.

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.