Brooklyn FI LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Brooklyn FI LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,200 shares of the Internet television network's stock, valued at approximately $1,070,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Brown Shipley& Co Ltd acquired a new stake in Netflix during the fourth quarter worth approximately $27,000. Pathway Financial Advisers LLC lifted its position in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. Transce3nd LLC acquired a new position in Netflix in the fourth quarter valued at $32,000. Newton One Investments LLC acquired a new stake in shares of Netflix during the fourth quarter worth about $34,000. Finally, Pineridge Advisors LLC lifted its holdings in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Down 2.0%

NASDAQ NFLX traded down $24.35 during trading on Thursday, reaching $1,184.20. 2,086,777 shares of the company's stock were exchanged, compared to its average volume of 3,744,589. 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, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,215.91. The company's fifty day simple moving average is $1,050.92 and its 200-day simple moving average is $969.04. The firm has a market capitalization of $503.96 billion, a PE ratio of 59.76, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates 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 business earned $8.28 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 640 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $1,194.77, for a total transaction of $764,652.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. This trade represents a 98.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,348 shares of company stock valued at $139,087,908 over the last ninety days. Corporate insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NFLX. BMO Capital Markets reiterated an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Pivotal Research upped their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a report on Thursday. Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,112.79.

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.