Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by BluePath Capital Management LLC

BluePath Capital Management LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 21.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,775 shares of the Internet television network’s stock after acquiring an additional 319 shares during the period. Netflix accounts for about 0.8% of BluePath Capital Management LLC’s portfolio, making the stock its 25th largest holding. BluePath Capital Management LLC’s holdings in Netflix were worth $1,492,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of 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 during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Netflix in the 3rd quarter valued at about $37,000. FSA Wealth Management LLC acquired a new position in Netflix in the third quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new position in Netflix during the third quarter worth about $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,817,500. This represents a 24.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock valued at $131,030,268 in the last ninety days. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Up 2.4 %

Netflix stock opened at $848.26 on Thursday. The company has a market capitalization of $362.60 billion, a P/E ratio of 48.01, a PEG ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The stock has a 50-day simple moving average of $881.04 and a 200-day simple moving average of $755.96.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Equities research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on NFLX. TD Cowen boosted their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Guggenheim boosted their target price on Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a research report on Monday. Citigroup raised their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Oppenheimer lowered their target price on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Loop Capital lowered shares of Netflix from a “buy” rating to a “hold” rating and boosted their price target for the stock from $800.00 to $950.00 in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $845.82.

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.