Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 935.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 461,900 shares of the Internet television network’s stock after acquiring an additional 417,300 shares during the period. Netflix comprises about 1.0% of Two Sigma Advisers LP’s holdings, making the stock its 21st largest position. Two Sigma Advisers LP’s holdings in Netflix were worth $411,701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Hennion & Walsh Asset Management Inc. increased its stake in Netflix by 137.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,508 shares of the Internet television network’s stock worth $1,344,000 after acquiring an additional 874 shares during the last quarter. Capital & Planning LLC acquired a new stake in Netflix during the fourth quarter worth about $809,000. Sanibel Captiva Trust Company Inc. increased its stake in Netflix by 13.9% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 2,052 shares of the Internet television network’s stock worth $1,829,000 after acquiring an additional 250 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of Netflix by 2.5% in the fourth quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network’s stock valued at $508,000 after buying an additional 14 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its stake in shares of Netflix by 35.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 3,733 shares of the Internet television network’s stock valued at $3,327,000 after buying an additional 973 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NFLX shares. Barclays increased their target price on Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Monday, April 21st. Bank of America increased their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Moffett Nathanson reiterated a “buy” rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Cfra Research upgraded Netflix to a “strong-buy” rating in a research note on Monday, April 28th. Finally, UBS Group lowered their target price on Netflix from $1,150.00 to $1,140.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,093.39.

Insiders Place Their Bets

In related news, Director Ann Mather sold 1,358 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,027 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $1,141.51, for a total value of $2,313,840.77. Following the completion of the sale, the chief executive officer now directly owns 12,781 shares in the company, valued at approximately $14,589,639.31. This trade represents a 13.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock valued at $138,483,256 in the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.2%

NASDAQ:NFLX opened at $1,191.53 on Monday. 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 business’s 50 day moving average is $1,009.34 and its two-hundred day moving average is $948.26. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,196.50. The company has a market cap of $507.08 billion, a PE ratio of 60.09, 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 EPS 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 for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter last year, the business posted $8.28 EPS. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.