Netflix, Inc. (NASDAQ:NFLX) is Alight Capital Management LP's 5th Largest Position

Alight Capital Management LP grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 209.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,000 shares of the Internet television network's stock after acquiring an additional 11,500 shares during the quarter. Netflix accounts for approximately 5.0% of Alight Capital Management LP's investment portfolio, making the stock its 5th largest position. Alight Capital Management LP's holdings in Netflix were worth $15,152,000 as of its most recent SEC filing.

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

Insider Transactions at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the completion of the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $4,179,614.58. This trade represents a 41.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,759 shares of company stock worth $186,744,388. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

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

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly 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 company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the business posted $8.28 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. KeyCorp boosted their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Wedbush increased their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Piper Sandler set a $1,150.00 price objective on Netflix and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Argus boosted their price target on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Ten 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,084.91.

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.