Bay Colony Advisory Group Inc d b a Bay Colony Advisors Makes New $230,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 472 shares of the Internet television network’s stock, valued at approximately $230,000.

A number of other large investors have also bought and sold shares of the company. State Street Corp increased its position in Netflix by 0.4% in the first quarter. State Street Corp now owns 16,195,490 shares of the Internet television network’s stock worth $5,595,196,000 after buying an additional 62,507 shares during the last quarter. Morgan Stanley increased its position in Netflix by 11.1% in the fourth quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network’s stock worth $1,906,005,000 after buying an additional 644,162 shares during the last quarter. Norges Bank purchased a new stake in Netflix in the fourth quarter worth $1,501,762,000. Northern Trust Corp increased its position in Netflix by 2.1% in the third quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after buying an additional 96,938 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Netflix by 24.3% in the third quarter. Jennison Associates LLC now owns 3,878,293 shares of the Internet television network’s stock worth $1,464,444,000 after acquiring an additional 759,378 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Jay C. Hoag sold 47,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the transaction, the director now owns 431,034 shares in the company, valued at approximately $237,284,217. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 268,335 shares of company stock worth $151,619,811. Company insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Loop Capital raised their price target on Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Seaport Res Ptn lowered Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Bank of America raised their price target on Netflix from $585.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Redburn Atlantic raised their price target on Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Piper Sandler raised their price target on Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $603.48.

Netflix Stock Up 1.7 %

NFLX opened at $617.52 on Wednesday. The company has a market cap of $267.24 billion, a P/E ratio of 51.42, a P/E/G ratio of 1.64 and a beta of 1.22. The business’s 50-day moving average price is $603.65 and its 200-day moving average price is $510.44. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 EPS. On average, equities analysts expect that Netflix, Inc. will post 17.03 EPS 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.