DSG Capital Advisors LLC Invests $5.81 Million in Netflix, Inc. (NASDAQ:NFLX)

DSG Capital Advisors LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,521 shares of the Internet television network's stock, valued at approximately $5,812,000. Netflix makes up 1.1% of DSG Capital Advisors LLC's holdings, making the stock its 29th biggest holding.

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

Netflix Stock Performance

Shares of NFLX traded up $17.26 during mid-day trading on Friday, hitting $1,202.12. The stock had a trading volume of 4,686,095 shares, compared to its average volume of 3,758,665. 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 firm has a market cap of $511.59 billion, a P/E ratio of 60.62, a PEG ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,215.91. The business has a fifty day moving average price of $1,059.27 and a 200-day moving average price of $974.30.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the previous year, the business earned $8.28 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 640 shares of the firm'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 value of $764,652.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,624,746.55. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,348 shares of company stock worth $139,087,908 in the last three months. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on NFLX. Wall Street Zen downgraded shares of Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Cfra Research upgraded Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Macquarie boosted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,122.33.

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.