Brooklyn FI LLC Acquires New Position in Netflix, Inc. (NASDAQ:NFLX)

Brooklyn FI LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,200 shares of the Internet television network's stock, valued at approximately $1,070,000.

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

Insiders Place Their Bets

In other Netflix news, insider Cletus R. Willems sold 298 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the sale, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $35,972,180. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,868 shares of company stock valued at $138,483,256. 1.37% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. Barclays increased their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Monday, April 21st. Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Macquarie increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Needham & Company LLC reissued a "buy" rating and issued a $1,126.00 price target on shares of Netflix in a report on Thursday, April 17th. Finally, Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, March 24th. 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 data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,102.79.

Netflix Stock Up 2.2%

Netflix stock traded up $26.18 on Tuesday, hitting $1,211.57. 2,916,636 shares of the stock traded hands, compared to its average volume of 3,754,011. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $515.61 billion, a P/E ratio of 61.10, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The business's fifty day simple moving average is $1,040.74 and its 200 day simple moving average is $965.67. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,211.79.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during 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 period in the previous year, the business earned $8.28 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

About Netflix

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.