Tairen Capital Ltd Has $13.37 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Tairen Capital Ltd decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 90.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,000 shares of the Internet television network’s stock after selling 139,056 shares during the period. Netflix comprises 2.0% of Tairen Capital Ltd’s holdings, making the stock its 16th largest holding. Tairen Capital Ltd’s holdings in Netflix were worth $13,370,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NFLX. West Michigan Advisors LLC lifted its position in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock worth $692,000 after buying an additional 10 shares during the last quarter. Warwick Investment Management Inc. lifted its position in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after buying an additional 10 shares during the last quarter. MRP Capital Investments LLC lifted its position in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after buying an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC lifted its position in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock worth $412,000 after buying an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. lifted its position in shares of Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock worth $3,410,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 1.2%

Shares of NFLX opened at $1,191.53 on Friday. The company has a market capitalization of $507.08 billion, a P/E ratio of 60.09, a PEG ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,196.50. The business’s 50 day simple moving average is $1,009.34 and its 200-day simple moving average is $946.93.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the business earned $8.28 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Phillip Securities raised Netflix from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 21st. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research report on Monday, March 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Robert W. Baird boosted their price target on Netflix from $1,200.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Morgan Stanley boosted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Ten 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,093.39.

Insiders Place Their Bets

In other Netflix news, insider Cletus R. Willems sold 298 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $35,972,180. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,868 shares of company stock valued at $138,483,256. 1.76% of the stock is currently owned by corporate insiders.

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.