Stenger Family Office LLC Invests $3.90 Million in Netflix, Inc. (NASDAQ:NFLX)

Stenger Family Office LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,372 shares of the Internet television network’s stock, valued at approximately $3,897,000. Netflix makes up approximately 1.3% of Stenger Family Office LLC’s holdings, making the stock its 19th biggest holding.

Other large investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC increased its position in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 14 shares in the last quarter. Newton One Investments LLC purchased a new stake in shares of Netflix during the fourth quarter worth $34,000. Pineridge Advisors LLC raised its position in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in shares of Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in Netflix during the fourth quarter worth about $43,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 25,360 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares of the company’s stock, valued at approximately $362,933.10. This represents a 98.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 274,312 shares of company stock worth $267,919,297 in the last ninety days. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 4.8 %

NASDAQ:NFLX opened at $976.28 on Wednesday. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The stock has a market cap of $417.61 billion, a P/E ratio of 49.23, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a 50-day simple moving average of $957.71 and a 200-day simple moving average of $887.65.

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

Analysts Set New Price Targets

A number of analysts have commented on NFLX shares. Guggenheim reiterated a “buy” rating and issued a $1,100.00 price objective on shares of Netflix in a report on Thursday, April 3rd. Wedbush reiterated an “outperform” rating and set a $1,150.00 price objective on shares of Netflix in a research report on Friday, April 11th. Moffett Nathanson upgraded Netflix from a “neutral” rating to a “buy” rating and upped their target price for the company from $850.00 to $1,100.00 in a report on Monday, March 17th. Macquarie boosted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Loop Capital restated a “hold” rating on shares of Netflix in a research report on Monday, March 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.31.

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.