Tran Capital Management L.P. Makes New $5.71 Million Investment in Netflix, Inc. (NASDAQ:NFLX)

Tran Capital Management L.P. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,126 shares of the Internet television network’s stock, valued at approximately $5,713,000.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. GAMMA Investing LLC grew its holdings in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Norges Bank bought a new stake in Netflix during the 4th quarter worth approximately $5,019,087,000. Proficio Capital Partners LLC grew its holdings in Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock worth $1,716,662,000 after acquiring an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock worth $2,051,016,000 after acquiring an additional 856,307 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock worth $870,752,000 after acquiring an additional 743,724 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In related news, Director Ann Mather sold 1,358 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the sale, the director now owns 63,040 shares of the company’s stock, valued at $78,948,144. This trade represents a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,140 shares of company stock worth $210,271,552 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

NFLX opened at $1,219.88 on Thursday. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $519.15 billion, a price-to-earnings ratio of 61.52, a PEG ratio of 2.12 and a beta of 1.59. The company’s fifty day moving average price is $1,106.59 and its two-hundred day moving average price is $994.50.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the business posted $8.28 EPS. On average, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NFLX shares. Robert W. Baird boosted their target price on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the company an “outperform” rating in a research note on Friday, May 16th. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Morgan Stanley upped their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Finally, Phillip Securities raised shares of Netflix from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,149.91.

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.