CoreCap Advisors LLC Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

CoreCap Advisors LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,001 shares of the Internet television network's stock after purchasing an additional 1,241 shares during the period. CoreCap Advisors LLC's holdings in Netflix were worth $6,240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NFLX. West Michigan Advisors LLC grew its stake in Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. grew its position in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after purchasing an additional 10 shares during the period. MRP Capital Investments LLC increased its stake in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after purchasing an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC lifted its position in Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after buying an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. boosted its stake in Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after buying an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In related news, Director Strive Masiyiwa sold 2,813 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Reed Hastings sold 26,977 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the sale, the director now owns 394 shares in the company, valued at approximately $446,421.70. This trade represents a 98.56 % decrease in their position. 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 over the last 90 days. 1.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Evercore ISI increased their price objective on shares of Netflix from $1,100.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. UBS Group cut their price target on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Wolfe Research raised shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective for the company in a research note on Thursday, January 23rd. Wells Fargo & Company increased their target price on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. 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 an average price target of $1,084.91.

Netflix Trading Up 0.3 %

NASDAQ NFLX opened at $1,137.69 on Wednesday. The company has a market capitalization of $484.17 billion, a price-to-earnings ratio of 57.37, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,159.44. The company's fifty day moving average price is $974.71 and its two-hundred day moving average price is $925.04.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 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 net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the company posted $8.28 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.

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