Virtu Financial LLC Buys 3,590 Shares of Netflix, Inc. (NASDAQ:NFLX)

Virtu Financial LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 25.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,469 shares of the Internet television network’s stock after acquiring an additional 3,590 shares during the period. Netflix makes up 0.8% of Virtu Financial LLC’s investment portfolio, making the stock its 13th biggest position. Virtu Financial LLC’s holdings in Netflix were worth $15,570,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Swedbank AB raised its position in Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares during the period. Principal Financial Group Inc. increased its position in shares of Netflix by 13.3% in the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after acquiring an additional 198,148 shares during the period. First Horizon Advisors Inc. increased its position in shares of Netflix by 8.5% in the third quarter. First Horizon Advisors Inc. now owns 1,987 shares of the Internet television network’s stock valued at $1,409,000 after acquiring an additional 155 shares during the period. Moran Wealth Management LLC increased its position in shares of Netflix by 3.5% in the third quarter. Moran Wealth Management LLC now owns 2,666 shares of the Internet television network’s stock valued at $1,891,000 after acquiring an additional 90 shares during the period. Finally, Citizens Financial Group Inc. RI increased its position in shares of Netflix by 2.0% in the third quarter. Citizens Financial Group Inc. RI now owns 5,872 shares of the Internet television network’s stock valued at $4,165,000 after acquiring an additional 114 shares during the period. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NFLX shares. Macquarie boosted their price objective 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. Piper Sandler restated an “overweight” rating and issued a $1,100.00 price objective (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. UBS Group restated a “buy” rating on shares of Netflix in a research report on Monday, March 10th. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Guggenheim increased their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,016.78.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at $3,624,746.55. The trade was a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 288,103 shares of company stock worth $279,142,041. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.0 %

Shares of Netflix stock opened at $960.29 on Friday. The company has a market cap of $410.77 billion, a price-to-earnings ratio of 48.43, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company’s 50 day moving average is $959.08 and its 200 day moving average is $856.54. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. 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 (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.11 earnings per share. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.