Lucas Capital Management Purchases New Position in Netflix, Inc. (NFLX)

Lucas Capital Management purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,196 shares of the Internet television network’s stock, valued at approximately $230,000.

A number of other hedge funds have also recently bought and sold shares of the business. Quadrant Capital Group LLC grew its position in Netflix by 0.6% during the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after acquiring an additional 10 shares during the period. Kalos Management Inc. grew its position in Netflix by 0.7% during the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after acquiring an additional 12 shares during the period. Laurel Wealth Advisors Inc. boosted its position in shares of Netflix by 1.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock worth $515,000 after buying an additional 53 shares during the period. Sii Investments Inc. WI boosted its position in shares of Netflix by 2.1% in the second quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock worth $460,000 after buying an additional 64 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in shares of Netflix by 2.1% in the second quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after buying an additional 65 shares during the period. 82.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Netflix, Inc. (NFLX) traded up $10.59 during mid-day trading on Wednesday, reaching $268.86. The company had a trading volume of 6,169,562 shares, compared to its average volume of 10,896,561. Netflix, Inc. has a 1-year low of $138.26 and a 1-year high of $286.81. The company has a market cap of $116,180.00, a price-to-earnings ratio of 215.09, a price-to-earnings-growth ratio of 3.60 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 32.6% compared to the same quarter last year. sell-side analysts forecast that Netflix, Inc. will post 2.69 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the company. MKM Partners upped their target price on Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. BidaskClub raised Netflix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st. Vetr downgraded Netflix from a “buy” rating to a “hold” rating and set a $266.45 target price for the company. in a research report on Tuesday, February 6th. UBS Group set a $290.00 target price on Netflix and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Robert W. Baird boosted their price target on Netflix from $190.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $239.39.

In other Netflix news, insider Theodore A. Sarandos sold 163,747 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the completion of the transaction, the insider now directly owns 23,953 shares of the company’s stock, valued at approximately $6,297,483.23. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Reed Hastings sold 75,243 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $196.25, for a total value of $14,766,438.75. Following the transaction, the chief executive officer now directly owns 75,243 shares of the company’s stock, valued at $14,766,438.75. The disclosure for this sale can be found here. Insiders sold a total of 459,885 shares of company stock valued at $105,163,627 over the last three months. Corporate insiders own 4.90% of the company’s stock.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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