Quinn Opportunity Partners LLC Takes $5.35 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Quinn Opportunity Partners LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,000 shares of the Internet television network’s stock, valued at approximately $5,348,000.

Several other institutional investors have also recently bought and sold shares of NFLX. Vanguard Group Inc. raised its position in shares of Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after acquiring an additional 171,712 shares during the last quarter. FMR LLC increased its position in Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after purchasing an additional 375,234 shares during the period. Geode Capital Management LLC raised its holdings in Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after purchasing an additional 175,596 shares during the last quarter. Norges Bank bought a new position in shares of Netflix in the 4th quarter valued at about $5,019,087,000. Finally, Alliancebernstein L.P. grew its position in shares of Netflix by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock worth $4,582,568,000 after buying an additional 82,564 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NFLX shares. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research note on Thursday, January 23rd. Wedbush restated an “outperform” rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Guggenheim reaffirmed a “buy” rating and issued a $1,100.00 price target on shares of Netflix in a research note on Thursday, April 3rd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Finally, Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Ten research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,017.31.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $921.17 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average price is $961.62 and its two-hundred day moving average price is $882.89. The company has a market cap of $394.04 billion, a PE ratio of 46.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its earnings results 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 business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the firm earned $2.11 EPS. The firm’s revenue 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 year.

Insider Activity

In other news, Director Strive Masiyiwa sold 2,813 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 274,312 shares of company stock valued at $267,919,297. 1.76% of the stock is owned by company 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.