Focus Partners Advisor Solutions LLC Buys 1,731 Shares of Netflix, Inc. (NASDAQ:NFLX)

Focus Partners Advisor Solutions LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 56.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,811 shares of the Internet television network's stock after acquiring an additional 1,731 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Netflix were worth $4,289,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Netflix in the 4th quarter worth $5,019,087,000. Proficio Capital Partners LLC lifted its holdings in shares of Netflix by 123,836.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Netflix by 59.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after acquiring an additional 856,307 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Netflix by 318.9% in 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 acquiring an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp increased its stake 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 acquiring an additional 570,674 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now owns 394 shares of the company's stock, valued at $362,933.10. The trade was a 98.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,868 shares of company stock worth $138,483,256. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $1,194.63 on Thursday. The firm has a market cap of $508.40 billion, a price-to-earnings ratio of 60.24, 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 $1,211.22. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company's 50 day moving average is $1,026.35 and its 200 day moving average is $954.65.

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 (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period last year, the business posted $8.28 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NFLX. Robert W. Baird raised their price objective on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Guggenheim restated a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Rosenblatt Securities boosted their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Barclays increased their target price on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Eleven investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,102.79.

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.

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