Hartline Investment Corp Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Hartline Investment Corp increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 681 shares of the Internet television network’s stock after acquiring an additional 36 shares during the period. Hartline Investment Corp’s holdings in Netflix were worth $332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at about $25,000. Spartan Planning & Wealth Management bought a new position in Netflix in the third quarter worth about $26,000. Blue Bell Private Wealth Management LLC raised its stake in Netflix by 89.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after buying an additional 35 shares in the last quarter. Carmel Capital Partners LLC raised its stake in Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after buying an additional 58 shares in the last quarter. Finally, Pacifica Partners Inc. bought a new position in shares of Netflix during the fourth quarter valued at approximately $41,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Down 3.9 %

NASDAQ NFLX traded down $22.63 on Wednesday, hitting $555.12. 5,333,260 shares of the stock were exchanged, compared to its average volume of 4,527,938. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The company has a market cap of $239.20 billion, a PE ratio of 38.36, a PEG ratio of 1.41 and a beta of 1.22. The company has a 50-day moving average price of $606.05 and a 200-day moving average price of $517.65.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.88 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 17.87 EPS for the current fiscal year.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 565 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $565.37, for a total transaction of $319,434.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 160,106 shares of company stock worth $92,729,716. 2.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on NFLX shares. Redburn Atlantic raised their target price on shares of Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Sanford C. Bernstein raised their target price on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. Bank of America raised their target price on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Macquarie raised their target price on shares of Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Finally, Rosenblatt Securities dropped their target price on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $630.58.

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.