Caxton Associates LP Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

Caxton Associates LP raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 306.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,608 shares of the Internet television network's stock after acquiring an additional 49,470 shares during the period. Netflix accounts for about 1.8% of Caxton Associates LP's investment portfolio, making the stock its 8th biggest holding. Caxton Associates LP's holdings in Netflix were worth $58,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Netflix by 0.5% in the fourth 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 last quarter. FMR LLC increased its holdings in shares of 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 acquiring an additional 375,234 shares during the period. Geode Capital Management LLC increased its holdings in shares of Netflix by 1.9% in 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 acquiring an additional 175,596 shares during the period. Norges Bank bought a new stake in Netflix in the 4th quarter valued at about $5,019,087,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of Netflix by 1.6% in the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock valued at $4,582,568,000 after acquiring an additional 82,564 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total value of $2,945,320.38. Following the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at $4,179,614.58. The trade was a 41.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the transaction, the chairman now directly owns 394 shares of the company's stock, valued at $362,933.10. This trade represents a 98.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,010 shares of company stock worth $152,760,770. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NFLX shares. Evercore ISI increased their price target on Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Seaport Res Ptn upgraded shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Canaccord Genuity Group upped their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a report on Monday, April 21st. Finally, Morgan Stanley lifted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,084.91.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,156.49 on Monday. The business has a 50 day moving average price of $968.34 and a 200 day moving average price of $920.97. The company has a market cap of $492.17 billion, a price-to-earnings ratio of 58.32, a PEG ratio of 2.12 and a beta of 1.55. 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 twelve month low of $580.25 and a twelve month high of $1,159.44.

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 for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The firm 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 period in the prior year, the firm earned $8.28 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current 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.

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