Soros Capital Management LLC Acquires 152 Shares of Netflix, Inc. (NASDAQ:NFLX)

Soros Capital Management LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,248 shares of the Internet television network’s stock after acquiring an additional 152 shares during the quarter. Soros Capital Management LLC’s holdings in Netflix were worth $1,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NFLX. J. Safra Sarasin Holding AG grew its position in shares of Netflix by 72.1% in the 4th quarter. J. Safra Sarasin Holding AG now owns 7,609 shares of the Internet television network’s stock worth $6,789,000 after buying an additional 3,187 shares during the last quarter. Wealth Dimensions Group Ltd. increased its position in shares of Netflix by 7.9% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 667 shares of the Internet television network’s stock worth $595,000 after purchasing an additional 49 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in Netflix by 5.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 47,227 shares of the Internet television network’s stock valued at $42,090,000 after buying an additional 2,343 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Netflix by 96.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 43,544 shares of the Internet television network’s stock valued at $38,812,000 after buying an additional 21,413 shares during the last quarter. Finally, Tradition Wealth Management LLC boosted its stake in Netflix by 40.7% in the 4th quarter. Tradition Wealth Management LLC now owns 1,209 shares of the Internet television network’s stock worth $1,078,000 after purchasing an additional 350 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NFLX. Robert W. Baird increased their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. BMO Capital Markets restated an “outperform” rating on shares of Netflix in a research report on Friday. Wedbush reaffirmed an “outperform” rating and set a $1,150.00 target price on shares of Netflix in a report on Friday, April 11th. Arete Research raised shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Finally, Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Nine analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,036.38.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is owned by company insiders.

Netflix Price Performance

NFLX stock opened at $973.03 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s 50 day moving average price is $954.87 and its 200 day moving average price is $894.38. The firm has a market cap of $416.22 billion, a P/E ratio of 49.07, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the firm earned $8.28 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.