Cache Advisors LLC Takes $1.92 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Cache Advisors LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,154 shares of the Internet television network's stock, valued at approximately $1,920,000.

Other large investors have also bought and sold shares of the company. Capital & Planning LLC bought a new stake in Netflix during the 4th quarter valued at $809,000. Yeomans Consulting Group Inc. grew its position in shares of Netflix by 39.7% in the fourth quarter. Yeomans Consulting Group Inc. now owns 704 shares of the Internet television network's stock valued at $627,000 after purchasing an additional 200 shares in the last quarter. FCG Investment Co raised its stake in shares of Netflix by 9.2% during the 4th quarter. FCG Investment Co now owns 2,325 shares of the Internet television network's stock valued at $2,072,000 after purchasing an additional 195 shares during the period. Cerro Pacific Wealth Advisors LLC lifted its holdings in Netflix by 3.7% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 971 shares of the Internet television network's stock worth $865,000 after purchasing an additional 35 shares in the last quarter. Finally, Montecito Bank & Trust lifted its holdings in Netflix by 29.4% during the 4th quarter. Montecito Bank & Trust now owns 1,123 shares of the Internet television network's stock worth $1,001,000 after purchasing an additional 255 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 0.1%

Shares of NASDAQ NFLX traded up $0.86 during trading hours on Wednesday, hitting $1,212.43. The company's stock had a trading volume of 814,384 shares, compared to its average volume of 4,646,765. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,215.91. The stock has a market cap of $515.97 billion, a price-to-earnings ratio of 61.13, 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. The business has a 50-day simple moving average of $1,045.95 and a 200-day simple moving average of $967.38.

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, topping 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 business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter last year, the business posted $8.28 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NFLX shares. Rosenblatt Securities lifted their target price on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a report on Monday, April 21st. Canaccord Genuity Group boosted their price objective on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research note on Friday, May 16th. KeyCorp increased their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Barclays raised their price target on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Monday, April 21st. Finally, Robert W. Baird upped their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,102.79.

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at $3,624,746.55. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,708 shares of company stock worth $138,323,256 over the last quarter. Corporate insiders own 1.37% of the company's stock.

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.