Chicago Capital LLC Has $78.25 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Chicago Capital LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,785 shares of the Internet television network’s stock after buying an additional 1,366 shares during the quarter. Netflix makes up 2.1% of Chicago Capital LLC’s holdings, making the stock its 16th biggest position. Chicago Capital LLC’s holdings in Netflix were worth $78,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix during the 3rd quarter valued at $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix during the 3rd quarter worth approximately $40,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.4 %

NFLX opened at $976.76 on Monday. The business’s fifty day simple moving average is $904.67 and its 200 day simple moving average is $778.61. 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 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $417.82 billion, a PE ratio of 49.26, a P/E/G ratio of 2.02 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the sale, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,516 shares of company stock valued at $92,377,637. 1.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NFLX. KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $1,100.00 price objective (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Evercore ISI raised their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. UBS Group upped their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Bank of America increased their price target on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,021.70.

About Netflix

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.