Figure 8 Investment Strategies LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Figure 8 Investment Strategies LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 3,917 shares of the Internet television network’s stock, valued at approximately $3,491,000. Netflix accounts for 3.4% of Figure 8 Investment Strategies LLC’s investment portfolio, making the stock its 8th largest holding.

Other hedge funds have also modified their holdings of the company. Catalyst Financial Partners LLC grew its stake in Netflix by 3.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,834 shares of the Internet television network’s stock valued at $1,635,000 after acquiring an additional 54 shares during the period. Manchester Financial Inc. acquired a new position in shares of Netflix during the 4th quarter worth about $213,000. Asset Management One Co. Ltd. lifted its stake in Netflix by 6.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 206,165 shares of the Internet television network’s stock valued at $187,105,000 after buying an additional 12,667 shares in the last quarter. Aljian Capital Management LLC raised its holdings in shares of Netflix by 18.4% during the fourth quarter. Aljian Capital Management LLC now owns 9,887 shares of the Internet television network’s stock valued at $8,812,000 after acquiring an additional 1,540 shares during the last quarter. Finally, 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. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 4,939 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 41,121 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 303,809 shares of company stock worth $290,374,484 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NFLX shares. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Jefferies Financial Group lifted their price objective on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Arete Research raised Netflix to a “hold” rating in a research note on Thursday, January 23rd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Finally, Guggenheim boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Price Performance

NFLX stock opened at $1,043.69 on Friday. The company has a market capitalization of $446.45 billion, a PE ratio of 52.63, a P/E/G ratio of 2.11 and a beta of 1.27. The stock’s 50 day moving average is $924.40 and its two-hundred day moving average is $799.32. 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 52-week low of $542.01 and a 52-week high of $1,045.99.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the business posted $2.11 EPS. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts predict 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.