BluePointe Capital Management LLC Purchases 92 Shares of Netflix, Inc. (NASDAQ:NFLX)

BluePointe Capital Management LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,181 shares of the Internet television network’s stock after buying an additional 92 shares during the quarter. BluePointe Capital Management LLC’s holdings in Netflix were worth $1,053,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of NFLX. Certus Wealth Management LLC acquired a new stake in Netflix in the 4th quarter valued at $190,000. Northwest & Ethical Investments L.P. bought a new position in shares of Netflix in the 4th quarter valued at about $4,674,000. Lingohr Asset Management GmbH acquired a new stake in shares of Netflix in the fourth quarter valued at about $908,000. iA Global Asset Management Inc. raised its holdings in Netflix by 35.6% during the fourth quarter. iA Global Asset Management Inc. now owns 68,810 shares of the Internet television network’s stock worth $61,332,000 after acquiring an additional 18,053 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Netflix by 39.7% during the fourth quarter. Teacher Retirement System of Texas now owns 209,422 shares of the Internet television network’s stock worth $186,662,000 after acquiring an additional 59,559 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the sale, the chairman now owns 114 shares in the company, valued at $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ann Mather sold 2,682 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 288,103 shares of company stock worth $279,142,041. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on NFLX shares. Citigroup boosted their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Pivotal Research raised their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Bank of America upped their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $1,100.00 price objective (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,016.78.

Netflix Trading Up 3.2 %

Shares of Netflix stock opened at $959.49 on Thursday. The firm’s 50-day moving average price is $955.11 and its two-hundred day moving average price is $854.07. The company has a market capitalization of $410.43 billion, a price-to-earnings ratio of 48.39, a PEG ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business posted $2.11 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix 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.