Cypress Asset Management Inc. TX Invests $263,000 in Netflix, Inc. (NASDAQ:NFLX)

Cypress Asset Management Inc. TX purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 295 shares of the Internet television network's stock, valued at approximately $263,000.

Other hedge funds have also recently modified their holdings of the company. West Michigan Advisors LLC grew its holdings in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. grew its holdings 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 acquiring an additional 10 shares during the period. MRP Capital Investments LLC grew its holdings 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 acquiring an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC grew its holdings 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 acquiring an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. grew its holdings in Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX traded up $26.18 during midday trading on Tuesday, reaching $1,211.57. The stock had a trading volume of 2,916,636 shares, compared to its average volume of 3,754,011. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $515.61 billion, a P/E ratio of 61.10, a PEG ratio of 2.12 and a beta of 1.58. The firm'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 issued its quarterly earnings results 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 company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period last year, the business earned $8.28 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several analyst reports. Benchmark reissued a "hold" rating on shares of Netflix in a report on Monday, April 21st. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Oppenheimer reissued an "outperform" rating and set a $1,200.00 price target (up from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. FBN Securities began coverage on Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price target for the company. Finally, Moffett Nathanson reissued a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,102.79.

Insider Transactions at Netflix

In other Netflix news, insider Cletus R. Willems sold 298 shares of the firm'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 in the company, valued at $35,972,180. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock valued at $138,483,256 in the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

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.