AlphaCore Capital LLC Acquires Shares of 307 Netflix, Inc. (NASDAQ:NFLX)

AlphaCore Capital LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 307 shares of the Internet television network's stock, valued at approximately $274,000.

A number of other large investors have also bought and sold shares of the business. Norges Bank bought a new position in Netflix during the 4th quarter worth $5,019,087,000. Proficio Capital Partners LLC increased its position in shares of Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after purchasing an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after acquiring an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after purchasing an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp raised its position in Netflix by 14.3% during the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after purchasing an additional 570,674 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 0.2%

Shares of NFLX stock traded up $2.10 during mid-day trading on Wednesday, reaching $1,213.67. 751,215 shares of the company were exchanged, compared to its average volume of 3,742,244. The business's 50 day simple moving average is $1,045.95 and its 200 day simple moving average is $967.38. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,215.39. The company has a market capitalization of $516.50 billion, a P/E ratio of 61.20, a P/E/G ratio of 2.12 and a beta of 1.58. 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. The company 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 period last year, the firm earned $8.28 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at approximately $3,624,746.55. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now owns 31,610 shares of the company's stock, valued at approximately $35,972,180. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,708 shares of company stock worth $138,323,256 over the last 90 days. Corporate insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NFLX. Robert W. Baird boosted their price objective on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Macquarie boosted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Wolfe Research set a $1,340.00 target price on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Moffett Nathanson restated a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a research note on Thursday, April 17th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,102.79.

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.