HPM Partners LLC lifted its position in Netflix (NASDAQ:NFLX) by 43.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,159 shares of the Internet television network’s stock after acquiring an additional 652 shares during the quarter. HPM Partners LLC’s holdings in Netflix were worth $414,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Guggenheim Capital LLC raised its holdings in shares of Netflix by 23.9% in the fourth quarter. Guggenheim Capital LLC now owns 501,653 shares of the Internet television network’s stock valued at $96,296,000 after acquiring an additional 96,800 shares in the last quarter. Tybourne Capital Management HK Ltd. raised its holdings in shares of Netflix by 43.4% in the fourth quarter. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network’s stock valued at $321,187,000 after acquiring an additional 506,700 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Netflix by 18.1% in the fourth quarter. Advisor Group Inc. now owns 52,921 shares of the Internet television network’s stock valued at $10,158,000 after acquiring an additional 8,126 shares in the last quarter. Shellback Capital LP raised its holdings in shares of Netflix by 7.0% in the fourth quarter. Shellback Capital LP now owns 190,173 shares of the Internet television network’s stock valued at $36,506,000 after acquiring an additional 12,500 shares in the last quarter. Finally, Ensemble Capital Management LLC raised its holdings in shares of Netflix by 488.7% in the fourth quarter. Ensemble Capital Management LLC now owns 82,170 shares of the Internet television network’s stock valued at $15,773,000 after acquiring an additional 68,213 shares in the last quarter. Hedge funds and other institutional investors own 81.62% of the company’s stock.
Shares of NASDAQ:NFLX opened at $288.85 on Friday. Netflix has a 12-month low of $138.66 and a 12-month high of $333.98. The company has a market capitalization of $125,385.06, a price-to-earnings ratio of 231.08, a P/E/G ratio of 3.97 and a beta of 0.99. 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 announced its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the company posted $0.15 earnings per share. Netflix’s revenue for the quarter was up 32.6% on a year-over-year basis. sell-side analysts anticipate that Netflix will post 2.73 EPS for the current year.
Several research firms recently weighed in on NFLX. Piper Jaffray lifted their price objective on Netflix to $360.00 and gave the company an “overweight” rating in a report on Friday, March 9th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $340.00 target price (up previously from $302.00) on shares of Netflix in a research note on Friday, March 9th. Stifel Nicolaus lowered Netflix from a “buy” rating to a “hold” rating and lifted their target price for the company from $283.00 to $325.00 in a research note on Tuesday, March 6th. Loop Capital assumed coverage on Netflix in a research note on Thursday, March 15th. They issued a “hold” rating and a $325.00 target price on the stock. Finally, Vetr lowered Netflix from a “hold” rating to a “sell” rating and set a $300.13 target price on the stock. in a research note on Monday, March 26th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the stock. Netflix currently has an average rating of “Buy” and a consensus price target of $257.79.
In other news, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $211.27, for a total transaction of $147,889.00. Following the completion of the transaction, the director now directly owns 36,022 shares of the company’s stock, valued at approximately $7,610,367.94. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 350 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $263.00, for a total value of $92,050.00. Following the transaction, the director now directly owns 7,332 shares of the company’s stock, valued at $1,928,316. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 452,009 shares of company stock valued at $121,912,410. Corporate insiders own 4.90% of the company’s stock.
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Netflix Company Profile
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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