Netflix, Inc. (NASDAQ:NFLX) Holdings Lifted by DE Burlo Group Inc.

DE Burlo Group Inc. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2,055.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,026 shares of the Internet television network's stock after purchasing an additional 6,700 shares during the period. DE Burlo Group Inc.'s holdings in Netflix were worth $6,262,000 at the end of the most recent reporting period.

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

Insider Activity

In other Netflix news, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 274,495 shares of company stock worth $268,176,922. Corporate insiders own 1.76% of the company's stock.

Netflix Price Performance

Shares of NFLX stock traded down $6.20 during midday trading on Wednesday, reaching $1,119.44. 2,088,475 shares of the company were exchanged, compared to its average volume of 3,707,646. Netflix, Inc. has a 12 month low of $544.25 and a 12 month high of $1,127.81. The company has a market cap of $476.40 billion, a P/E ratio of 56.45, a PEG ratio of 2.12 and a beta of 1.55. The company's 50 day moving average price is $959.28 and its two-hundred day moving average price is $910.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

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, beating 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 company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period last year, the firm earned $8.28 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Argus lifted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Monday, January 6th. Arete Research raised Netflix to a "hold" rating in a research report on Thursday, January 23rd. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Rosenblatt Securities upped their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Finally, UBS Group dropped their price objective 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. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,072.12.

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.