Fund 1 Investments LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Fund 1 Investments LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 6,500 shares of the Internet television network’s stock, valued at approximately $5,794,000.

Other hedge funds have also bought and sold shares of the company. Watts Gwilliam & Co. LLC raised its holdings in shares of Netflix by 10.1% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 5,120 shares of the Internet television network’s stock worth $4,501,000 after acquiring an additional 471 shares during the last quarter. Baker Tilly Wealth Management LLC raised its stake in shares of Netflix by 5.0% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 3,376 shares of the Internet television network’s stock worth $3,009,000 after purchasing an additional 161 shares during the last quarter. Hilltop National Bank lifted its holdings in shares of Netflix by 2.6% in the fourth quarter. Hilltop National Bank now owns 3,609 shares of the Internet television network’s stock valued at $3,217,000 after purchasing an additional 92 shares in the last quarter. ORG Wealth Partners LLC boosted its position in shares of Netflix by 5.8% during the fourth quarter. ORG Wealth Partners LLC now owns 760 shares of the Internet television network’s stock valued at $677,000 after buying an additional 42 shares during the last quarter. Finally, Highline Wealth Partners LLC grew its holdings in Netflix by 2.5% during the fourth quarter. Highline Wealth Partners LLC now owns 710 shares of the Internet television network’s stock worth $633,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NFLX. Rosenblatt Securities lifted their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a report on Monday, April 21st. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,025.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. KeyCorp lifted their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. The Goldman Sachs Group boosted their target price on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Guggenheim reaffirmed a “buy” rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,084.91.

Netflix Stock Down 0.4 %

NFLX opened at $1,139.81 on Friday. The business’s fifty day simple moving average is $984.97 and its 200 day simple moving average is $931.79. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,164.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $485.07 billion, a PE ratio of 57.48, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 2,027 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the sale, the chief executive officer now owns 12,781 shares of the company’s stock, valued at $14,589,639.31. This represents a 13.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,530 shares of company stock valued at $137,602,751. Insiders own 1.76% of the company’s stock.

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.