Ardsley Advisory Partners LP Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

Ardsley Advisory Partners LP grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 100.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,000 shares of the Internet television network's stock after acquiring an additional 5,500 shares during the quarter. Netflix comprises about 1.6% of Ardsley Advisory Partners LP's portfolio, making the stock its 16th largest position. Ardsley Advisory Partners LP's holdings in Netflix were worth $9,805,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its position in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. Transce3nd LLC bought a new position in Netflix in the 4th quarter worth about $32,000. Newton One Investments LLC purchased a new stake in shares of Netflix in the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC grew its stake in 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 in the last quarter. Finally, Princeton Global Asset Management LLC increased its holdings in 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 purchasing an additional 16 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 685 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,726,322.87. This trade represents a 15.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,451 shares of company stock worth $142,194,072 in the last three months. Company insiders own 1.76% of the company's stock.

Netflix Trading Up 1.7 %

Shares of NASDAQ:NFLX traded up $19.57 during trading on Wednesday, reaching $1,157.26. The stock had a trading volume of 2,011,564 shares, compared to its average volume of 3,721,553. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $492.49 billion, a P/E ratio of 58.36, a PEG ratio of 2.12 and a beta of 1.58. The business has a fifty day moving average price of $974.71 and a 200-day moving average price of $925.04. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,162.39.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the firm earned $8.28 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Guggenheim restated a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Evercore ISI upped their price target on shares of Netflix from $1,100.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Benchmark restated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Pivotal Research lifted their price target on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a report on Monday, April 21st. Finally, FBN Securities initiated coverage on Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price objective for the company. 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 stock. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,084.91.

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.