Netflix, Inc. (NASDAQ:NFLX) Position Boosted by Audent Global Asset Management LLC

Audent Global Asset Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 126.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,840 shares of the Internet television network's stock after purchasing an additional 3,263 shares during the period. Netflix makes up about 3.4% of Audent Global Asset Management LLC's investment portfolio, making the stock its 10th largest position. Audent Global Asset Management LLC's holdings in Netflix were worth $5,205,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. West Michigan Advisors LLC raised its stake in shares of Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. increased its stake 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 worth $266,000 after buying an additional 10 shares during the last quarter. MRP Capital Investments LLC increased its stake in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after buying an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC increased its stake in shares of Netflix by 2.2% in 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 last quarter. Finally, Mission Creek Capital Partners Inc. increased its stake in shares of Netflix by 0.3% in the fourth 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.

Netflix Price Performance

NFLX stock traded down $3.02 during trading on Wednesday, hitting $1,208.55. The company had a trading volume of 1,835,778 shares, compared to its average volume of 3,751,038. The firm has a market capitalization of $514.32 billion, a price-to-earnings ratio of 60.95, a P/E/G ratio of 2.12 and a beta of 1.58. The business has a 50 day moving average of $1,045.95 and a 200 day moving average of $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 current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. The business 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 quarter in the prior 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 year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the business's 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 sale, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. The trade was a 98.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,708 shares of company stock worth $138,323,256. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. Wedbush restated an "outperform" rating and issued a $1,200.00 price target on shares of Netflix in a research note on Monday, May 5th. Canaccord Genuity Group lifted their price target on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Oppenheimer restated an "outperform" rating and issued a $1,200.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. 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 report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,102.79.

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.