Pennington Partners & CO. LLC Invests $249,000 in Netflix, Inc. (NASDAQ:NFLX)

Pennington Partners & CO. LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 279 shares of the Internet television network's stock, valued at approximately $249,000.

Several other hedge funds have also recently bought and sold shares of the stock. Pathway Financial Advisers LLC grew its position in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Transce3nd LLC acquired a new position in Netflix in the 4th quarter valued at $32,000. Newton One Investments LLC bought a new stake in Netflix in the 4th quarter valued at about $34,000. Pineridge Advisors LLC grew its holdings in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after acquiring an additional 16 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 2.0 %

Shares of NASDAQ NFLX traded up $23.02 during midday trading on Friday, hitting $1,156.49. The stock had a trading volume of 3,766,329 shares, compared to its average volume of 3,722,034. The business's 50 day moving average is $968.34 and its 200-day moving average is $919.35. 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 $580.25 and a 52 week high of $1,159.44. The company has a market cap of $492.17 billion, a P/E ratio of 58.32, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the firm posted $8.28 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on NFLX. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price for the company in a research note on Thursday, January 23rd. Morgan Stanley lifted their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Arete Research upgraded shares of Netflix to a "hold" rating in a research report on Thursday, January 23rd. Finally, StockNews.com lowered shares of Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,084.91.

Insider Buying and Selling at Netflix

In related news, Director Ann Mather sold 2,682 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the completion of the sale, the director now directly owns 394 shares in the company, valued at approximately $446,421.70. The trade was a 98.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,759 shares of company stock valued at $186,744,388. Insiders own 1.76% of the company's stock.

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.