Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 68.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,429 shares of the Internet television network’s stock after acquiring an additional 984 shares during the quarter. Convergence Investment Partners LLC’s holdings in Netflix were worth $2,165,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix in the 3rd quarter valued at about $25,000. Pathway Financial Advisers LLC boosted its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. Newton One Investments LLC purchased a new position in shares of Netflix in the 4th quarter valued at about $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the 3rd quarter valued at about $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 2.1 %

Shares of NFLX stock opened at $1,035.85 on Wednesday. The business’s fifty day moving average price is $934.75 and its 200 day moving average price is $812.56. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The firm has a market capitalization of $443.10 billion, a PE ratio of 52.24, a P/E/G ratio of 2.19 and a beta of 1.27. 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 (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 41,121 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders have sold 303,220 shares of company stock valued at $289,856,164 over the last quarter. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NFLX. Evercore ISI lifted their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group lifted their price objective on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Argus boosted their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.