Bensler LLC Acquires 372 Shares of Netflix, Inc. (NASDAQ:NFLX)

Bensler LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,267 shares of the Internet television network’s stock after purchasing an additional 372 shares during the quarter. Netflix makes up approximately 1.7% of Bensler LLC’s holdings, making the stock its 17th biggest holding. Bensler LLC’s holdings in Netflix were worth $14,499,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NFLX. Magnolia Capital Advisors LLC boosted its stake in Netflix by 3.0% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 961 shares of the Internet television network’s stock worth $649,000 after acquiring an additional 28 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Netflix by 0.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 65,081 shares of the Internet television network’s stock worth $43,919,000 after acquiring an additional 482 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in Netflix by 5.4% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,599 shares of the Internet television network’s stock worth $2,429,000 after acquiring an additional 185 shares during the last quarter. Wellington Wealth Strategies LLC. bought a new position in Netflix during the 2nd quarter worth approximately $435,000. Finally, Teewinot Capital Advisers L.L.C. boosted its stake in Netflix by 15.6% during the 2nd quarter. Teewinot Capital Advisers L.L.C. now owns 153,027 shares of the Internet television network’s stock worth $103,275,000 after acquiring an additional 20,691 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NFLX. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a research note on Thursday, January 23rd. Needham & Company LLC lifted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Loop Capital raised their target price on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Finally, Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 41,601 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the sale, the chairman now directly owns 85 shares in the company, valued at $64,435.10. This represents a 99.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,117 shares of company stock valued at $123,913,691. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Down 1.2 %

NFLX stock opened at $960.24 on Tuesday. The company has a market cap of $410.46 billion, a PE ratio of 48.51, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The business has a 50-day simple moving average of $895.13 and a 200 day simple moving average of $768.18. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Netflix Company 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.