Algert Global LLC Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Algert Global LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 166.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,289 shares of the Internet television network's stock after purchasing an additional 5,799 shares during the period. Algert Global LLC's holdings in Netflix were worth $8,279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Vanguard Group Inc. boosted its stake in shares of Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after buying an additional 171,712 shares during the period. FMR LLC increased its position in Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after purchasing an additional 375,234 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after purchasing an additional 175,596 shares in the last quarter. Norges Bank acquired a new stake in shares of Netflix during the 4th quarter valued at about $5,019,087,000. Finally, Alliancebernstein L.P. grew its stake in shares of Netflix by 1.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock valued at $4,582,568,000 after buying an additional 82,564 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. This represents a 98.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 685 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the sale, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at approximately $3,726,322.87. The trade was a 15.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,451 shares of company stock valued at $142,194,072 in the last three months. Insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley increased their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Barclays increased their price objective on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Monday, April 21st. UBS Group dropped their target price on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Bank of America boosted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,084.91.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $3.63 during mid-day trading on Tuesday, reaching $1,137.69. The company had a trading volume of 3,223,067 shares, compared to its average volume of 3,728,074. The business's 50-day simple moving average is $974.71 and its 200 day simple moving average is $925.04. The firm has a market cap of $484.17 billion, a price-to-earnings ratio of 57.37, a PEG ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,159.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping 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 analysts' expectations of $10.51 billion. During the same quarter in the previous year, the firm posted $8.28 earnings per share. On average, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.