Rafferty Asset Management LLC Buys 7,692 Shares of Netflix, Inc. (NASDAQ:NFLX)

Rafferty Asset Management LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,421 shares of the Internet television network’s stock after purchasing an additional 7,692 shares during the period. Rafferty Asset Management LLC’s holdings in Netflix were worth $64,550,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NFLX. RMR Wealth Builders grew its position in Netflix by 4.8% in the 4th quarter. RMR Wealth Builders now owns 4,863 shares of the Internet television network’s stock valued at $4,335,000 after acquiring an additional 221 shares during the last quarter. Fiduciary Alliance LLC bought a new position in shares of Netflix in the fourth quarter worth about $349,000. Signal Advisors Wealth LLC increased its stake in Netflix by 112.6% in the 4th quarter. Signal Advisors Wealth LLC now owns 791 shares of the Internet television network’s stock worth $705,000 after buying an additional 419 shares during the period. Breakwater Capital Group increased its stake in Netflix by 7.5% in the 4th quarter. Breakwater Capital Group now owns 547 shares of the Internet television network’s stock worth $488,000 after buying an additional 38 shares during the period. Finally, Sharper & Granite LLC lifted its holdings in Netflix by 20.3% during the 4th quarter. Sharper & Granite LLC now owns 355 shares of the Internet television network’s stock valued at $316,000 after buying an additional 60 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.1%

NFLX stock opened at $1,150.99 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,164.00. The stock has a market capitalization of $489.83 billion, a PE ratio of 58.04, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The firm has a 50 day moving average of $997.19 and a 200 day moving average of $939.66.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the company earned $8.28 earnings per share. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jay C. Hoag sold 32,515 shares of the business’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the transaction, the director now directly owns 79,040 shares of the company’s stock, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,868 shares of company stock valued at $138,483,256. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NFLX. Citigroup restated a “neutral” rating on shares of Netflix in a research note on Monday, May 5th. Wedbush reiterated an “outperform” rating and issued a $1,200.00 price target on shares of Netflix in a report on Monday, May 5th. Rosenblatt Securities raised their price objective on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a report on Monday, April 21st. FBN Securities assumed coverage on Netflix in a report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 target price for the company. 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 research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,084.91.

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.