Capital Advantage Inc. Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Capital Advantage Inc. purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 295 shares of the Internet television network's stock, valued at approximately $263,000.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock worth $1,200,485,000 after buying an additional 198,148 shares in the last quarter. Stonehearth Capital Management LLC acquired a new stake in Netflix during the 4th quarter valued at approximately $252,000. Spartan Planning & Wealth Management acquired a new position in shares of Netflix in the 4th quarter worth approximately $645,000. Bath Savings Trust Co boosted its position in Netflix by 17.6% during the fourth quarter. Bath Savings Trust Co now owns 400 shares of the Internet television network's stock valued at $357,000 after acquiring an additional 60 shares during the last quarter. Finally, First County Bank CT acquired a new stake in Netflix during the fourth quarter worth approximately $233,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

NFLX stock traded down $4.62 during mid-day trading on Friday, reaching $1,139.81. The company had a trading volume of 2,565,837 shares, compared to its average volume of 3,735,714. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,164.00. The stock has a market capitalization of $485.07 billion, a P/E ratio of 57.48, a P/E/G ratio of 2.12 and a beta of 1.58. The stock's 50-day simple moving average is $981.62 and its two-hundred day simple moving average is $929.20. 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 (NASDAQ:NFLX - Get Free Report) last announced 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the business earned $8.28 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 686 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $1,141.28, for a total transaction of $782,918.08. Following the transaction, the chief financial officer now owns 3,691 shares of the company's stock, valued at approximately $4,212,464.48. This represents a 15.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,530 shares of company stock worth $137,602,751 over the last quarter. Company insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. FBN Securities started coverage on Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price target for the company. Bank of America lifted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Citigroup reissued a "neutral" rating on shares of Netflix in a report on Monday. Macquarie upped their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Finally, Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average price target 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.