Peapack Gladstone Financial Corp Buys 101 Shares of Netflix, Inc. (NASDAQ:NFLX)

Peapack Gladstone Financial Corp increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,262 shares of the Internet television network’s stock after purchasing an additional 101 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Netflix were worth $3,798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Netflix by 13.3% during 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 purchasing an additional 198,148 shares during the period. Weiss Asset Management LP purchased a new stake in shares of Netflix in the 3rd quarter valued at about $878,000. Raab & Moskowitz Asset Management LLC raised its stake in Netflix by 4.7% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,111 shares of the Internet television network’s stock valued at $788,000 after purchasing an additional 50 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Netflix during the 3rd quarter worth $1,231,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Netflix by 2.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 178,429 shares of the Internet television network’s stock worth $126,554,000 after purchasing an additional 4,594 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NFLX. Morgan Stanley increased their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Pivotal Research upped their target price on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Finally, Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,023.74.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $3,402,068.52. The trade was a 41.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold a total of 274,312 shares of company stock valued at $267,919,297 over the last 90 days. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 1.4 %

Shares of NFLX stock opened at $867.83 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The stock has a fifty day simple moving average of $968.16 and a two-hundred day simple moving average of $878.26. The firm has a market capitalization of $371.22 billion, a PE ratio of 43.76, a PEG ratio of 2.12 and a beta of 1.55.

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